You have just purchased a home and taken out a 420000, Ask an Expert

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You have just purchased a home and taken out a $420,000 mortgage. the mortgage has a 30-year term with monthly payments and an APR of 7.44%

a. how much will you pay in interest, and how much will you pay in principal, during the first year?

b. How much will you pay in interest, and how much will you pay in principal, during the 20th year (between 19 and 20 years from now)If the expected return on the market is 10 percent and the risk-free rate is 4 percent,

Part A. What is the expected return for a stock with a beta equal to 1.00? (Round answer to 2 decimal places, e.g. 0.15.)

Part B. What is the market risk premium? (Round answer to 2 decimal places, e.g. 0.15.)

Please show me the steps as clear as possible for each part

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91775643

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