What would her monthly payment be

Assignment Help Finance Basics
Reference no: EM131959412

Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $49,200,000. If Oprah puts 30% down and finances at 7% for 30 years, what would her monthly payment be? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

Reference no: EM131959412

Questions Cloud

What is the profit or loss on the futures position : On the day of the June 2017 futures expiration, the spot exchange rate is 110Yen/$. What is the profit/loss on the futures position?
What is internal marketing : 1. What is internal marketing? 2. What is external marketing? 3. What is market analysis?
Ever-increasing speed : Technology is moving at an ever-increasing speed, and this means that new products enter and leave the market faster than ever. What are some products
What would you expect your monthly payment to be : It is now January of 2057. You have achieved your goal of funding your retirement account with $2,000,000. You have decided to retire.
What would her monthly payment be : Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $49,200,000. If Oprah puts 30% down and finances at 7% for 30 years
What is the maximum amount that jason can defer : Jason, age 52, is a highly compensated employee who earns $300,000 per year and is a participant in his employer's 401(k) .
What is the maximum amount that jared can defer : Ignoring the ADP Test requirements, what is the maximum amount that Jared can defer under the 401(k) plan in 2016?
Maintain a credit score of 700 or higher : Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700.
Comute the necessary numbers : As a result of the Thomas's suggustion will the break evenpoint go up or down. Comute the necessary numbers.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is lou''s payables deferral period (dpo)

Lights Out Utilities (LOU) purchases $15,000 in raw materials from its suppliers each day. LOU's accounts payable turnover is 12.

  What is the purchase price of the home

If a buyer purchases a home with the cash proceeds of the mortgage loan plus an additional 20 percent down, what is the purchase price of the home?

  Finance-company analysis

Identify appropriate industry comparisons for company and develop the fundamental analysis of company using the analytical tools such as the Dupont Framework.

  What is the nominal annual percentage cost

Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 115 days after the invoice date. Net purchases amount to $720,000 per year. What is the nominal annual percentage cost of its non-free trade cred..

  What is the aw of the tractor

Income from the tractor is expected to be $3,000 the first year and increase by 4% each year. If MARR=12% what is the AW of the tractor?

  What is an overview of the consumer banking industry

What is an overview of the consumer banking industry and Fifth Third Bank's position within the industry?

  What is samson projected 2006 net income

Samson's Sailboats Inc. recently reported the following income statement (in millions of dollars):

  If the appropriate interest rate is 725 percent what is the

trigen corp. management will invest cash flows of 876660 634483 483288 818400 1239644 and 1617848 in research and

  Present price per share of eastern common stock

Eastern Auto Parts' last dividend was D0 = $0.50 and the company expects to experience 5 percent constant growth for the future. Eastern has a required rate of return of 12 percent. What should be the present price per share of Eastern common stoc..

  What is the payback period on each of the given project

What is the payback period on each of the following projects? Cash Flows ($) Project C0 C1 C2 C3 C4 A -5,000 +1,000 +1,000 +3,000 0 B -1,000 0 +1,000 +2,000.

  Estimate the firms return on capital

On the basis of the mentioned information you as a finance manager are asked to provide the following :  Estimate the firms return on capital.  What would be the reinvestment rate of the firm?

  Aggressive investor whose primary investment goal

Discuss the type of individual securities or mutual funds that you believe are suitable for an aggressive investor whose primary investment goal is capital.

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