What will be the amount of monthly mortgage payment

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Reference no: EM132006056

1. The house you want to buy costs $269 thousand. You plan to make a cash down payment of 10 percent, and borrow the rest in a 30 year mortgage at 4.94 percent APR. What will be the amount of your monthly mortgage payment?

2. A stock is expected to pay a dividend of $2.00 at the end of the year (i.e., D1 = $2.00), and it should continue to grow at a constant rate of 8% a year. If its required return is 14%, what is the stock's expected price 2 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

Reference no: EM132006056

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