What will be the loan balance at the end of nine years

Assignment Help Finance Basics
Reference no: EM132515891

You bought a house with price of $250,000. Your LTV (Loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%. Assuming the total transaction cost of $10,000.

What will be the loan balance at the end of nine years? Please show calculations in excel.

Reference no: EM132515891

Questions Cloud

Sara and co-worker contracting the disease : How could have the organization prevented the likelihood of Sara and her co-worker contracting the disease?
Describe the concepts of emotional intelligence : Explain how the core concepts of emotional intelligence would enhance the decision-making efficacy of the management team.
How wireless technology can enhancee-business performance : Describe the following information systems controls in case of a real-life firm - Only one example of a real-life e-business firm.
Patient confidentiality : Discuss healthcare workers' privacy and confidentiality in ensuring all workers are safe in the worksite?
What will be the loan balance at the end of nine years : What will be the loan balance at the end of nine years? Please show calculations in excel.
Relationship between data-information and knowledge : Discuss the relationship between data, information, and knowledge. Why do organization have information deficiency problem?
Importance to save for the future : You just graduated from college and are starting your new job. You realized the importance to save for the future and have figured out that you
Analyse the effect of the new rate on the cost of jobs : Explain why the new predetermined overhead rate is higher (or lower) than the rate that was originally estimated for the year 2020.
What is the loan amount : You bought a house with price of $250,000. Your LTV (Loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the price when yield to maturity is higher

Bond 5 Year Treasury Note Coupon Rate = 4% Yield To Maturity = 3.2%

  The bicycles are not being used for deliveries is it

tim and tom are twins. they live and work near the beach and are also partners in tnt inc. a bicycle messenger service.

  How could the scientific method be applied

How could the scientific method be applied to a real world situation? A real world scenario in the news, or another outside source and apply the scientific

  Multinational subsidiary host balance of payments

You're chief executive officer of multinational's subsidiary in developing host country. The subsidiary has been in business for about 8 years, making electric motors for the host country's domestic market, with mediocre financial results.

  Discuss the advantages-disadvantages of the techniques used

Discuss the advantages/disadvantages of the techniques used. Why is it important for managers to understand how to evaluate investments projects correctly?

  How much will have to save each month

If he can earn a EAR of 10 percent before he retires and a EAR of 7 percent EAR after he retires, how much will he have to save each month in years 11 through.

  Wat type of ratios best measure the short-term ability of

what type of ratios best measure the short-term ability of the enterprise to pay its maturing obligations and to meet

  Lancaster toys has a profit margin of 75 percent a total

lancaster toys has a profit margin of 7.5 percent a total asset turnover of 1.71 and a return on equity of 21.01

  What is the projects operating cash flow for the first year

What is the project ' s operating cash flow for the first year (t = 1)? Page(s): 459, Financial Management: Theory & Practice by Eugene F. Brigham

  What is the fw of paul extra income

Paul works for a government agency in southern California making $70,000 per year. He is now being transferred to a branch office in Tennessee.

  External capital funding proposal

Bring your finance and economics knowledge to bear by preparing an external capital funding proposal for a major international investment at a publicly traded corporation. In order to secure the support of potential financial backers

  Causes of an unfavorable labor efficiency variance

The materials usage variance is always the responsibility of the production supervisor. Do you agree or disagree? Why?- The labor rate variance is never controllable. Do you agree or disagree? Why?

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