Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

[A] What are the monthly payments for a 30-year, 9.00 percent, and fully-amortizing mortgage with initial contract principal of USD 120,000?

[B] Determine the outstanding loan balance after twelve years on the above 30-year, 9.00 percent, USD 120,000 loan with monthly payments?

[C] find out the amount of principal paid down and the amount of interest in the first payment in the above mortgage?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M916429

Have any Question? 


Related Questions in Basic Finance

Impact of inflation targeting by the fedassume that the fed

Impact of Inflation Targeting by the Fed: Assume that the Fed adopts an inflation targeting strategy. Describe how the Fed's monetary policy would be affected by an abrupt 15 percent rise in oil prices in response to an ...

Cross-border mergers are a useful means of overseas

Cross-border mergers are a useful means of overseas expansion for multinational enterprises (MNEs). What are cross-border mergers? What are the circumstances under which MNEs internationalise using cross-border mergers? ...

Cost of debt and equitythe manager of sensible essentials

Cost of Debt and Equity The manager of Sensible Essentials conducted an excellent seminar explaining debt and equity financing and how firms should analyze their cost of capital. Nevertheless, the guidelines failed to fu ...

What do you think about the following statement i am going

What do you think about the following statement? "I am going to receive $100 two years from now and $200 three years from now, so I am getting a $300 future value." How could the two cash flows be compared or combined?

Questions-part 1 company financialsthrough 20142016

Questions- Part 1: Company financials Through 2014.2016 financial performance of Qantas has seen a major turnaround (refer to Source 1, 2 and 3). a) On Page 24 of the 2016 Preliminary Final Report shows a Return on Inves ...

The demand and supply of foreign exchange arises from many

The demand and supply of foreign exchange arises from many sources: from importers and exporters, investors in foreign assets, central banks, tourists, speculators, and arbitrageurs. With this in mind "Does Arbitrage Des ...

Nominal versus real interest rate what is the difference

Nominal versus Real Interest Rate: What is the difference between the nominal interest rate and the real interest rate? What is the logic behind the implied positive relationship between expected inflation and nominal in ...

Consider the arma11 model ytnbsp- 08yt-1nbsp atnbsp

Consider the ARMA(1,1) model y t  - 0.8y t-1  = a t  + 0.4a t-1  with a t  ∼ N (0, 0.49). Convert the model into a state-space form using (a) Akaike's method, (b) Harvey's approach, and (c) Aoki's approach.

If the current short- term rate is 5 percent and the

If the current short- term rate is 5 percent and the current long- term rate is 4 percent, what is the expected short- term interest rate? (Use the expectations theory)

List and describenbsptwonbspsectors you believe spends the

List and describe  two  sectors you believe spends the most money in health care? (Example sectors; hospital care, home health care, governmental insurance, pharmaceuticals, etc.)

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate