Homework Answers
a.Annualized payments = $11639.87 or $11640 ($80000/6.87292)
b. Interest that will be paid during the lifetime = =11640*25 - 80000 = $211000
Add Answer to:
i need ONLY beta ii plus solution, pleaze do not solve it if
you are not...
Larry Davis borrows $75,000 at 11 percent interest toward the purchase of a home. His mortgage...
Larry Davis borrows $75,000 at 11 percent interest toward the purchase of a home. His mortgage is for 25 years. Use Appendix D for an approximate answer, but caloulate your final answer using the formula and financial calculator methods. a. How much will his annual payments be? (Athough home payments are usually on a monthly basis, we shall do our analysis on an annual basis for ease of computation. We will get a reasonably accurate answer (Do not round Intermediate...
Larry Davis borrows $75,000 at 11 percent interest toward the purchase of a home. His mortgage...
Larry Davis borrows $75,000 at 11 percent interest toward the purchase of a home. His mortgage is for 25 years. Use Appendix D for an approximate answer, but calolate your final answer using the formula and francial calculator methods. a. How much will his annual payments be? (Although home payments are usually on a monthly basis, we shal do our analysis on an annual basis for ease of computation. We will get a reasonably accurate answer.) (Do not round Intermediate...
i need ONLY beta ii plus solution, pleaze do not solve it if you are not...
i need ONLY beta ii plus solution, pleaze do not solve it if
you are not willing to solve that way
nterest Value Ul Uncy. Dibegalu lales. 45. You are chairperson of the investment fund for the Continental Soccer League. You are asked to set up a fund of semiannual payments to be compounded semi- annually to accumulate a sum of $250,000 after nine years at a 10 percent annual rate (18 payments). The first payment into the fund is...
Larry Davis borrows $74,000 at 10 percent Interest toward the purchase of a home. His mortgage...
Larry Davis borrows $74,000 at 10 percent Interest toward the purchase of a home. His mortgage is for 20 years. a. If Larry decides to make annual payments, how much will they be? (Enter your answer as a positive number rounded to 2 decimal places.) Annual payments b. How much Interest will he pay over the life of the loan? (Do not round Intermediate calculations. Round your final answer to 2 declmal places.) Total interest
Derek borrows $325,259.00 to buy a house. He has a 30-year mortgage with a rate of...
Derek borrows $325,259.00 to buy a house. He has a 30-year mortgage with a rate of 4.08%. After making 147.00 payments, how much does he owe on the mortgage? Derek plans to buy a $25,844.00 car. The dealership offers zero percent financing for 57.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $____ cash back. He can borrow money from his bank...
Mr. H issues a 25 year mortgage of $225,000 at an annual interest rate of 4.5%...
Mr. H issues a 25 year mortgage of $225,000 at an annual interest rate of 4.5% to buy a house.The mortgage payments are made annually. 1. What is Mr. H's annual payment of principal and interest? $17,298 $13,353 $16,691 $15,174 2. How much interest does Mr. H pay in the second year of the mortgage? $11,283 $9,898 $8,710 $10,888 3. Suppose that immediately after making the second annual payment, Mr. H has the opportunity to refinance the remaining mortgage balance...
Loan Payment Larry Davis borrows $80.000 at 14 percent interest toward the purchase of a home...
Loan Payment
Larry Davis borrows $80.000 at 14 percent interest toward the purchase of a home is mortgages for 25 years. Use Accent calculator methods for an approximan but calculate your finan s ing the formula and ranca a. How much wilis annual payments be? Athough home payments are usually on a monthly basis, we shall do our round intermediate calculations. Round your final answer to 2 decimal places.) sis on an annual boss for ease of computation. We we...
Hi, Could you solve/fill the blank? Thanks a lot A commercial real estate developer plans to...
Hi, Could you solve/fill the blank? Thanks
a lot
A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer plans to get a loan that will be repaid with uniform payments of $350,000 beginning in year 2 and ending in year 16. How much will a bank be willing to loan at an interest rate of 8% per year? The bank will be willing to loan the...
(I understand how to get all the inputs and solve for the PMT, i just can't...
(I understand how to get all the inputs and solve for the PMT, i just can't seem to figure out where to plug the p1 or p2 numbers into my ti-84 calculator to get that $188,264.78. Is there an easier way to figure this number out? or if you know how to plug it in to a ti-84 like calculator that would help a ton. Thanks!) Question: A home buyer bought a house for $245,000. The buyer paid 20 percent...
How Much Capital Do You Need to Start Investing? The motivation for making investments is largely...
How Much Capital Do You Need to Start Investing? The motivation for making investments is largely driven by the goals you have. These goals could be short-term such as buying a new car, saving for a down payment or save enough to take a year off and travel. In any situation, the first step is to identifying the amount of capital you need and how much risk are you willing to take for the return you expect. Larry is a...
Larry Davis borrows $75,000 at 11 percent interest toward the purchase of a home. His mortgage is for 25 years. Use Appendix D for an approximate answer, but caloulate your final answer using the formula and financial calculator methods. a. How much will his annual payments be? (Athough home payments are usually on a monthly basis, we shall do our analysis on an annual basis for ease of computation. We will get a reasonably accurate answer (Do not round Intermediate...
Larry Davis borrows $75,000 at 11 percent interest toward the purchase of a home. His mortgage is for 25 years. Use Appendix D for an approximate answer, but calolate your final answer using the formula and francial calculator methods. a. How much will his annual payments be? (Although home payments are usually on a monthly basis, we shal do our analysis on an annual basis for ease of computation. We will get a reasonably accurate answer.) (Do not round Intermediate...
i need ONLY beta ii plus solution, pleaze do not solve it if
you are not willing to solve that way
nterest Value Ul Uncy. Dibegalu lales. 45. You are chairperson of the investment fund for the Continental Soccer League. You are asked to set up a fund of semiannual payments to be compounded semi- annually to accumulate a sum of $250,000 after nine years at a 10 percent annual rate (18 payments). The first payment into the fund is...
Larry Davis borrows $74,000 at 10 percent Interest toward the purchase of a home. His mortgage is for 20 years. a. If Larry decides to make annual payments, how much will they be? (Enter your answer as a positive number rounded to 2 decimal places.) Annual payments b. How much Interest will he pay over the life of the loan? (Do not round Intermediate calculations. Round your final answer to 2 declmal places.) Total interest
Loan Payment
Larry Davis borrows $80.000 at 14 percent interest toward the purchase of a home is mortgages for 25 years. Use Accent calculator methods for an approximan but calculate your finan s ing the formula and ranca a. How much wilis annual payments be? Athough home payments are usually on a monthly basis, we shall do our round intermediate calculations. Round your final answer to 2 decimal places.) sis on an annual boss for ease of computation. We we...
Hi, Could you solve/fill the blank? Thanks
a lot
A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer plans to get a loan that will be repaid with uniform payments of $350,000 beginning in year 2 and ending in year 16. How much will a bank be willing to loan at an interest rate of 8% per year? The bank will be willing to loan the...
How Much Capital Do You Need to Start Investing? The motivation for making investments is largely driven by the goals you have. These goals could be short-term such as buying a new car, saving for a down payment or save enough to take a year off and travel. In any situation, the first step is to identifying the amount of capital you need and how much risk are you willing to take for the return you expect. Larry is a...
Most questions answered within 3 hours.
-
4. Determine the theoretical yield of P2O5, when 3.07 g of P
reacts with 6.09 g...
asked 1 hour ago -
Explain the PEST analysis and how a marketer would use this when
putting together a marketing...
asked 1 hour ago -
S sells property with a $500 basis to B for $450, and B later
sells the...
asked 2 hours ago -
True/False Questions
1.
In interpreting an agreement, courts generally apply a
subjective standard.
2.
If, after...
asked 1 hour ago -
On January 1, 20X7, Green Corp. paid $1,020,000 to acquire Wax
Co. Wax maintained separate incorporation....
asked 2 hours ago -
C++
Write a class Fraction that defines adding, subtracting,
multiplying, and dividing fractions by overloading standard...
asked 3 hours ago -
This java code won't run and I can't figure out the problem with
it. Please help...
asked 4 hours ago -
Trace the following recursive methods:
a) isPal with the string “abccda”
b) isAnBn with the string...
asked 5 hours ago -
1. Which of the following is false about photosynthesis?
A. ATP is the molecule used to...
asked 6 hours ago -
A simple random sample of size n=64 is obtained from a
population with a mean of...
asked 7 hours ago -
(2 dimensions, 1 object, 2 accelerations)
1) A projectile is thrown with a wind. The wind...
asked 8 hours ago -
Brian makes $34,100 per year. How much can Brian expect to
contribute to FICA taxes in...
asked 9 hours ago