hi please can someone say how to solve this
Homework Answers
![Amount of Term - 20 Years * 12 - 240 Months Interest rate-900 * 1/12-0.75% Per month Monthly payment Amount of mortgage * 1 / [ 1-( 1 + 1 )^-n] mortgage $350,000 350,000 * 0.75% / [ 1-( 1 - $2,625 / 0.8335872 -S3,149.0408 0.75%Y-240 ] 3,149Roued)](http://img.homeworklib.com/questions/fb94fc30-7355-11ea-ae06-cdca04e30c8e.png?x-oss-process=image/resize,w_560)
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hi please can someone say how to solve this
Question 14 You are considering buying a...
hi how do i solve this please explain You are considering buying a new home. You...
hi how do i solve this please explain
You are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortgage company offers you a 20-year fixed rate at 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment will be closest to: A. 18,910.72 B. 3,149.04 C. 38,341.27 D. 3,070.42 E, 2,635.35 F. None of the above is correct.
hi please explain step by step how to solvw this and the name of the formula...
hi please explain step by step how to solvw this and
the name of the formula used thank you
Youf are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortgage company offers you a 20-year fixed rate at 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment will be closest to:
please no stupid indian excel answers, please explain step by step how to answer this with...
please no stupid indian excel answers, please explain
step by step how to answer this with explanations thank you and
again i remind no stupid indian who thinks they are the smartedt in
the world with financial calculqtors thank you
You are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortga t 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment wilkbe...
14) 14, You are considering purchasing a new home. You will need to borrow $270,000 to...
14) 14, You are considering purchasing a new home. You will need to borrow $270,000 to purchase the home. A mortgage company offers you a 20-year fixed rate mortgage at 6% APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: A) S3094 B) $1934 C) SI547 D) $2708 15) 15. A bank offers a loan that will requires you to pay 8% interest compounded semiannually. Which of the following is closest...
You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. A mortgage company off...
You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. A mortgage company offers you a 15 year fixed rate mortgage (180 months) at 3% APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: $1,660 $1,726.45 $7,536.85 $2,535
D) 7.9% You are considering purchasing a new home. You will need to borrow $270,000 to purchase the home. A mortga...
D) 7.9% You are considering purchasing a new home. You will need to borrow $270,000 to purchase the home. A mortgage company offers you a 20- year fixed rate mortgage at 6 % APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: 14) A) $3094 B) $1934 C) $1547 D) $2708 5 A bank offers a loan that will requires you to pay 8% interest compounded semiannually. Which of the following...
10) An investment will pay you S120 in one year and $200 in two years. If...
10) An investment will pay you S120 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) S294.69 B) $286.84 C) $299.07 D) $320.00 11. A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120.000 at the end of five years, or as equal annual payments at the end of each of the next five years. If...
10) An investment will pay you 51 20 in one year and $200 in two years....
10) An investment will pay you 51 20 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) $294.69 B) $286.84 C) $299.07 D) $320.00 10) 11). TU) A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120,000 at the end of five years, or as equal annual payments at the end of each of the next...
You are considering the purchase of a home and need to determine your payments, if you...
You are considering the purchase of a home and need to determine your payments, if you borrow $100,000 at 6% annual interest rate for 30 years how much is your annual mortgage payment? Also, determine the monthly mortgage payment.
You are considering buying a condominium located in Sandy Hill neighborhood. The condominium is listed for...
You are considering buying a condominium located in Sandy Hill neighborhood. The condominium is listed for $350,000. Assume that the (quoted) mortgage rate is 3.0% and that you just have the 10% (of the price of the condominium) needed for the down payment. Assuming that the 3% mortgage rate is fixed for a period of 10 years. What will your monthly mortgage payment be if you want to pay your mortgage in 10 years? Question 1 options: $1,343.64 $5,419.22 $3,041.66...
hi how do i solve this please explain
You are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortgage company offers you a 20-year fixed rate at 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment will be closest to: A. 18,910.72 B. 3,149.04 C. 38,341.27 D. 3,070.42 E, 2,635.35 F. None of the above is correct.
hi please explain step by step how to solvw this and
the name of the formula used thank you
Youf are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortgage company offers you a 20-year fixed rate at 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment will be closest to:
please no stupid indian excel answers, please explain
step by step how to answer this with explanations thank you and
again i remind no stupid indian who thinks they are the smartedt in
the world with financial calculqtors thank you
You are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortga t 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment wilkbe...
14) 14, You are considering purchasing a new home. You will need to borrow $270,000 to purchase the home. A mortgage company offers you a 20-year fixed rate mortgage at 6% APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: A) S3094 B) $1934 C) SI547 D) $2708 15) 15. A bank offers a loan that will requires you to pay 8% interest compounded semiannually. Which of the following is closest...
D) 7.9% You are considering purchasing a new home. You will need to borrow $270,000 to purchase the home. A mortgage company offers you a 20- year fixed rate mortgage at 6 % APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: 14) A) $3094 B) $1934 C) $1547 D) $2708 5 A bank offers a loan that will requires you to pay 8% interest compounded semiannually. Which of the following...
10) An investment will pay you S120 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) S294.69 B) $286.84 C) $299.07 D) $320.00 11. A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120.000 at the end of five years, or as equal annual payments at the end of each of the next five years. If...
10) An investment will pay you 51 20 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) $294.69 B) $286.84 C) $299.07 D) $320.00 10) 11). TU) A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120,000 at the end of five years, or as equal annual payments at the end of each of the next...
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