with an EAR of 6.125%. If you plan to borrow $300,000, what will your be? Your...
Oppenheimer Bank is offering a 30-year mortgage with an EAR of 4.625%. If you plan to borrow $160,000, what will your monthly payment be? Your monthly payment will be $(Round to the nearest cent.)
Oppenheimer Bank is offering a 30-year mortgage with an EAR of 6.375%. If you plan to borrow $160,000, what will your monthly payment be? Your monthly payment will be s(Round to the nearest cent)
Oppenheimer Bank is offering a 30-year mortgage with an EAR of 5.375%. If you plan to borrow $180,000, what will your monthly payment be? Your monthly payment will be $ 1. (Round to the nearest cent.)!
Oppenheimer Bank is offering a 30-year mortgage with an EAR of 4.375%. If you plan to borrow $180,000, what will your monthly payment be?
You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2.720 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 6.012% (APR). How much do you owe on the mortgage today? The amount you owe today...
You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2,356 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 5.250% ( APR) . How much do you owe on the mortgage today? (Note: Be careful...
1) Loan amortization and EAR You want to buy a car, and a local bank will lend you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 11% with interest paid monthly. What will be the monthly loan payment? Round your answer to the nearest cent. $ What will be the loan's EAR? Round your answer to two decimal places. % 2) Effective rate of interest Find the interest rates...
QUESTION11 a. The required return is 4.1% APY (EAR). Suppose you borrow $27574 for college expenses today. What will be your payments per month if you will repay the loan over a period of 63 months, with your first payment being made 30 months from today? (Rounded to the nearest cent.) b. The required return is 9.9% APY (EAR). How much would you need to save per month for the next 46 years so that you will have $0.925...
You have $51,983.14 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $250,000. You expect to earn 11% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years What's the future value of an 8%, 5-year ordinary annuity that pays $100 each year? If this was an annuity due, what would its future...
Loan amortization and EARYou want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 6% with interest paid monthly.What will be the monthly loan payment? Round your answer to the nearest cent.$ What will be the loan's EAR? Round your answer to two decimal places. %