What would be your fixed monthly loan payment

Assignment Help Financial Management
Reference no: EM131859759

You borrow $150,000 for 30 years at an annual rate of 3.60%.. What would be your fixed MONTHLY loan payment?

For an 30-year fixed payment loan for $150,000 at an annual interest rate of 3.60%, what percent of your first MONTHLY payment would apply to interest?

A financial planner recommends that you have accumulated $1.5 million by the time that you retire in 30 years. If you can earn an annual rate of return of 4%, how much must you invest for each of the next 30 years in order to achieve this goal?

Reference no: EM131859759

Questions Cloud

Statements regarding the beta of these stocks would be true : Which of the following statements regarding the beta of these stocks would be true?
Calculate the price of six-month put futures option : Calculate the price of a 6-month put futures option with a strike price of 75.
Standard deviation of stock returns for five-year period : The average return of the stock for the 5-year period was 13 percent. What is the standard deviation of the stock's returns for the five-year period?
Monitor the business performance against budge : How to monitor the business performance against the budge?
What would be your fixed monthly loan payment : You borrow $150,000 for 30 years at an annual rate of 3.60%.. What would be your fixed MONTHLY loan payment?
Your account immediately after your parents final deposit : If you can earn an annual rate of 6%, how much would you have in your account immediately after your parents' final deposit?
Expected inflation-securities risk and liquidity : What is the relationship between market interest rates, borrowers’ need for capital, expected inflation, securities’ risk and liquidity?
Exactly one year after the initial deposit : The account has an interest rate of 9.2 % p.a. How much does Bill have in his account today (that is, exactly one year after the initial deposit)?
What interest rate must she earn on her investment : What interest rate must she earn on her investment (that is, if she deposits $ 10,852.20 today) to have $ 12,404.90 exactly two years from today?

Reviews

Write a Review

Financial Management Questions & Answers

  What is toms effective annual rate

During the year the stock paid dividends of $6.04 per share. What is Tom’s effective annual rate?

  Describe how she would go about setting up this hedge

Not long ago, Vanessa Woods sold her company for several million dollars. She took some of that money and put it into the stock market. Today Vanessa’s portfolio of blue-chip stocks is worth $3.8 million. Why would she choose to hedge her portfolio w..

  About the power of compounding interest

Create a real-world scenario of how you might use the PV or FV for a dollar or annuity and share with the class. Do the calculation. For example, I need to save $______ for my child’s education in 5 years. To do this, at a rate of ____%, I would need..

  Amount of depreciation tax shield provided by investment

Southport Company is considering the purchase of a piece of equipment that costs $100,000. The equipment would be depreciated on a straight-line basis to its expected salvage value of $10,000 over its 16-year useful life. Assuming a tax rate of 40%, ..

  Same time maintaining stable current ratio

Explain rationale behind that statement as it relates to company undergoing decline in quick asset ratio while at same time maintaining stable current ratio.

  What is the current value of this bond

Assume annual coupon payments. What is the current value of this bond?

  The effect of selling the van on the third year cash flow

What would be the effect of selling the van on the third year cash flow?

  Calculate present worth of this system after taxes

calculate the Present Worth of this system after taxes using the first five years only.

  What is an estimate of brandtly price per share

Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. What is an estimate of Brandtly's price per share?

  What is the expected market value of a bond

What is the expected market value of a bond that has 5 years to maturity, a yield of 6.5% a coupon rate of 7.5%, a cost basis of 10354.18 and a fair market value of 10,000? The bond pays interest semi-annually.

  The value of your portfolio at the end of the year

Suppose you invest $20,000 by purchasing 200 shares of Abbott Labs (ABT) at $50 per share, The value of your portfolio at the end of the year is:

  Important tool for evaluating and improving processes

80/20 analysis can best be performed via a. The most important tool for evaluating and improving processes is called

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