What would her monthly payment be

Assignment Help Financial Management

Reference no: EM13943630

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: EM13943630

Questions Cloud

Portfolios should have the most systematic risk : Which one of the following portfolios should have the MOST systematic risk?

Find size of monthly payments he will be required to make : Joe secured a loan of $12,000 five years ago from a bank for use toward his college expenses. The bank charges interest at the rate of 4%/year compounded monthly on his loan. Now that he has graduated from college, Joe wishes to repay the loan by amo..

Exchange rate-dollar depreciated : Last week, the USD/ZAR exchange rate was 14.2125. This week, the exchange rate is 14.5447. How much has the South African rand depreciated/appreciated against the U.S. dollar? Last week, the USD/ZAR exchange rate was 14.2125. This week, the exchange ..

Which fits perfectly with your criminal justice degree : Started a career with the Office of Juvenile Justice and Delinquency Prevention, which is a part of the Department of Justice. You are a juvenile justice expert, which fits perfectly with your criminal justice degree

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 would her monthly payment be? (Do not round intermediate calculations. Round your answer to the..

Summary of the project : Search the CSU Online Library and find a project that was not completed successfully. Write a two-three-page summary of the project, including the reasons why you think this project failed. Also, include project lessons learned and record how less..

Dividends are projected to increase : Diets For You announced today that it will begin paying annual dividends next year. The first dividend will be $0.12 a share. The following dividends will be $0.15, $0.20, $0.50, and $0.60 a share annually for the following 4 years, respectively. Aft..

Calculate the mortgage payment : Mr. Lopez bought a house in Laredo for $250,000 in January 1990. The first payment is due February 1, 1991. He got a mortgage rate of 5 percent. The mortgage was for 30 years. He made a down payment of 15 percent. Had he got a mortgage for 15 years, ..

What was his total return for this investment : Three years ago, James Matheson bought 300 shares of a mutual fund for $29 a share. During the three-year period, he received total income dividends of 0.68 per share. He also received total capital gain distributions of $1.55 per share. What was his..

User Account

All Pages