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

Jordan bought a 4 semi annual coupon bond with 25 years to

Jordan bought a 4% semi annual coupon bond with 25 years to maturity par value at $1,000. If the required rate of return (Yield to maturity) of this bond increases to 4.25%, by how much does the value of the bond change? ...

Compute probabilitiesthenbsparea under the normal

Compute probabilities. The area under the normal curve from x = a to x = b with given mean and standard deviation is the probability that x assumes a value between x = a and x = b. If we are using Table IV in Appendix C, ...

A using the table of critical values of t in appendix a-2

a. Using the table of critical values of t in Appendix A-2, find the critical value of t for an experiment in which there are 28 participants, using an alpha level of .05 for a one-tailed test b. Find the critical value ...

Check and revise sentences for parallel structuredetermine

Check and revise sentences for parallel structure Determine whether the following sentences use parallel structure. Revise sentences as needed to make the structure parallel. a. The executive at Ernst & Young writes repo ...

Suppose that the us firm halliburton buys construction

Suppose that the U.S. firm Halliburton buys construction equipment from the Japanese firm Komatsu at a price of ¥250 million. The equipment is to be delivered to the United States and paid for in one year. The current ex ...

1 explain the meaning of the terms fiscal policies and

1. Explain the meaning of the terms fiscal policies and monetary policies. 2. Define discount rate of interest and prime rate. 3. Identify the four major areas of demand for money. 4. How does a change in interest rates ...

1 go to wwwfdicgovbankindividualonlinesafehtml and read the

1. Go to www.fdic.gov/bank/individual/online/safe.html and read the article on "Safe Internet Banking." List three steps that you will take or are taking to ensure that your Internet banking is safe. 2. a. Conduct an onl ...

Grind co is considering replacing an existing machine the

Grind Co. is considering replacing an existing machine. The new machine is expected to reduce labor costs by $153,000 per year for 5 years. Depreciation on the new machine is $124,000 compared with $86,000 on the old mac ...

A company wants to enter into a commitment to initiate a

A company wants to enter into a commitment to initiate a swap in 90 days. The swap would consist of four payments 90 days apart with the underlying being LIBOR. Use the term structure of LIBOR as given below to solve for ...

What is storage why is it risky what role does it play in

What is storage? Why is it risky? What role does it play in the economy? Why is delivery important if so few futures contracts end in delivery? What are the major functions of derivative markets in an economy? Why is spe ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen