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You want to purchase a house that costs $325,000. You have a down payment of $65,000 and will take out a mortgage to make up the difference. The AMC Mortgage Corporation offers a quoted interest rate of 3.99 percent annually and you decide on a 30-year amortization period, with monthly payments.
(a) What is the amount of each monthly payment?
(b) You plan to pay off the mortgage loan at the end of fifteen years. How much would you need to come up with in fifteen years? How much interest would you have paid over the fifteen years?
(c) As an alternative to making monthly payments as in part (a), you are considering making weekly payments. Assuming that there are 52 weeks per year, how many years would it take to pay off the mortgage? How much would you have saved in interest?
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A firm requires continuously monitoring and controlling its receivables to make sure that the dues are paid on the due date and no dues stay outstanding for a long period of time.
how do i use least squares method to solve semi average problem?
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1. Do you think that the tax minimization scheme described to Debbie Kishimoto is in harmony with the ethical behavior that should be displayed by top corpo- rate executives? Wh
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