What portion of total payments made during the fourth year

Assignment Help Finance Basics
Reference no: EM13273884

You recently obtained a $135,000, 30-year mortgage with a nominal interest rate of 7.25%. Assume that payments are made a the end of each month. what portion of the total payments made during the fourth year will go towards the repayment of principal?

a. 9.70%
b.15.86%
c.13.75%
d.12.85%
e.14.69%

 

Reference no: EM13273884

Questions Cloud

Should calvin use the accrual method or the cash method : Calvin opened his dental practice (a sole proprietorship) in May 2010. At the end of the year, he has unpaid accounts receivable of $36,000 and no unpaid accounts payable. Should Calvin use the accrual method or the cash method for his dental prac..
What is peterson ebitda coverage ratio : It has $0.6 billion in lease payments and $0.3 billion must go towards principal payments on outstanding loans and long-term debt. What is Peterson's EBITDA coverage ratio?
What is the current density in the electron beam : The electron beam inside a television picture tube is 0.300mm in diameter and carries a current of 55.0 uA. What is the current density in the electron beam
What is the equivalent annual annuity for each plane : By how much would the value of the company increase if it accepted the better project (plane)?Enter your answer in million.
What portion of total payments made during the fourth year : You recently obtained a $135,000, 30-year mortgage with a nominal interest rate of 7.25%. Assume that payments are made a the end of each month. what portion of the total payments made during the fourth year will go towards the repayment of princi..
Find the frequencies of first two overtones for this shower : Problem 12.30: Singing in the shower. We all sound like great singers in the shower, due to standing waves, What are the wavelengths of the first two overtones for this shower
What is the beta of the company for which she works : The investor calculates that the required return on her portfolio is 15%. what is the beta of the company for which she works?
What effective annual rate does the bank pay : If a bank pays a 6% nominal rate, with monthly compounding, on deposits, what effective annual rate does the bank pay?
What is peterson ebitda coverage ratio : It has $0.6 billion in lease payments and $0.3 billion must go towards principal payments on outstanding loans and long-term debt. What is Peterson's EBITDA coverage ratio?

Reviews

Write a Review

Finance Basics Questions & Answers

  Ipo-opportunities and threats

Write down the name of some opportunities and threats associated with going public through an IPO.

  What is the net present value of this project

The system is expected to generate positive cash flows over the next four years in the amounts of RM350,000 in year one, RM325,000 in year two, RM150,000 in year three, and RM180,000 in year four. DCC's required rate of return is 8%.

  What is the value of the equity share

Assume a reuqired market rate of 10% is each case, what is the value of the equity share?

  What would be the expected return and risk on your portfolio

If you invest $10,000 in stock X and $25,000 in stock Y, what would be the expected return and risk on your portfolio?

  What does the upper control limit

What does the upper control limit of either a p, np, c, or u chart tell us about the process? What does the lower control limit tell us?

  Calculation of cost of common equity for wacc decisions

Calculation of Cost of common Equity for WACC decisions and what is the estimated cost of common equity using the DCF approach

  Computation of sales level for a target net income

Computation of Sales level for a target net income and How much in sales would Swann have to obtain to generate $2,000,000 in net income

  Discuss the use of derivatives

Choose an existing company and discuss the use of derivatives as a means to manage risk and enhance returns.

  Computation of price of the bond

Computation of price of the bond and what rating must Luther receive on these bonds if they want the bonds to be issued at par

  Calculate the present value of project

As manager of short-term projects, you are planning to decide whether or not to invest in a short-term project that pays one cash flow of $1,000 one year from present.

  Explain and discuss the ethical limits

Discuss and justify why do you think this provision is important if implemented by the company and Explain and discuss the ethical limits that managers should consider at taking risks with the invertors money. Would you avoid risk at all cost? Why..

  What is the most they can pay for a new house

Ben remembers from finance class that the shorter the amortization period, the less total interest you will pay. Calculate how much interest they would save if they made monthly payments over a 20 year amortization rather than a 25 year amortiza..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd