Harold hawkins bought a home for 320000 he made a down, Ask an Expert

Finance

Harold Hawkins bought a home for $320,000. He made a down payment of $45,000; the balance will be paid off over 30 years at a 6.775% rate of interest. How much will Harold's monthly payments be? Round off to the nearest $1.

Answer

$1,450
$1,788
$3,200
$1,682

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9860267

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Charles is considering investing in treasury bills he

Charles is considering investing in Treasury bills. He requires a 2.7 percent annualized return on a six-month Treasury bill that has a par value of $10,000. The price Charles would be willing to pay for this T-bill is h ...

Bill inc common stock is expected to pay a 202 dividend at

Bill Inc. common stock is expected to pay a $2.02 dividend at the end of the year and is in a risk class that requires an 8.5% required return. If this dividend is expected to grow forever at a 3.2% rate, what is the est ...

You have just received a windfall from an investment you

You have just received a windfall from an investment you made in a? friend's business. She will be paying you$37,748 at the end of this? year, $75,496 at the end of next? year, and $113,244 at the end of the year after t ...

Suppose a firm pays total dividends of 1100000 out of net

Suppose a firm pays total dividends of $1,100,000 out of net income of $5.5 million. What would the firm's payout ratio be? (Round your answer to 2 decimal places.)

A interest rate manipulator offers you the following if you

"A interest rate manipulator offers you the following: If you borrow $1,000 for three years at 17.3% interest, in three years you owe him 1000*(1+17.3%)^3 = $1,613.96. The manipulator has decided to break down the paymen ...

You are considering an investment in a 40-year security the

You are considering an investment in a 40-year security. The security will pay $25 a year at the end of each of the first three years. The security will then pay $30 a year at the end of each of the next 20 years. The no ...

What are the advantages of purchasing an existing business

What are the advantages of purchasing an existing business opposed to opening a new venture?

This morning you purchased one share of stock for 26 the

This morning, you purchased one share of stock for $26. The stock pays $.32 per share each quarter as a dividend. What must the stock price be 1 year from now if you want to earn a total return of 16 percent for the year ...

Let us consider a 5 million position in silver in addition

Let us consider a $5 million position in silver. In addition, let us consider that the returns of gold are normally distributed (Gaussian) . The standard deviation of silver returns on a daily basis is 0.45%. How much ca ...

1 i a stock will pay constant dividends of 9 every year its

1) i) A stock will pay constant dividends of $9 every year. Its required rate of return (a.k.a., cost of capital, discount rate) is 17%. What is the value of the stock? Round to the penny. ii) A stock just paid a dividen ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert