20-year mortgage has an annual interest rate of 4.9 percent and a loan amount of $250,000. What...
Question:
20-year mortgage has an annual interest rate of 4.9 percent and a loan amount of $250,000. What are the interest and principal for the 120th payment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Given Data of years 20 Origina...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0078115660
7th edition
Authors: Bradford Jordan, Thomas Miller
Question Posted:
Students also viewed these Accounting questions
-
A 30-year mortgage has an annual interest rate of 7.18 percent and a loan amount of $180,000. What are the monthly mortgage payments?
-
A 30-year mortgage has an annual interest rate of 6.84 percent and a loan amount of $250,000. What are the interest and principal for the 120th payment?
-
A 30-year mortgage has an annual interest rate of 7.42 percent and a loan amount of $200,000. What is the remaining balance at the 180th payment?
-
Classify the effect of a distribution in a year when the distributing corporation has the following conditions. a. A deficit in accumulated E & P and a positive amount in current E & P. If a...
-
Presented below is information related to Alstott Inc.s inventory. Determine the following: (a) The two limits to market value (i.e., the ceiling and the floor) that should be used in the...
-
Mystic Pizza Company purchased a patent from Prime Pizza Plus on January 1, Year 1 for $72,000. The patent has a remaining legal life of nine years. Prepare the journal entries to record the...
-
What is a marginal density function?
-
Davaney Genetics Company of Milwaukee, Wisconsin, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2014, the companys Cash account per its general ledger showed the...
-
What strategies are most effective in ensuring long-term resolution of conflicts, and how can parties be encouraged to maintain a collaborative relationship after the immediate conflict is resolved ?
-
You are hired by one of the leading news channels CNBE who wants to analyze recent elections. This survey was conducted on 1525 voters with 9 variables. You have to build a model, to predict which...
-
A homeowner took out a 30-year fixed-rate mortgage of $120,000. The mortgage was taken out 15 years ago at a rate of 7.95 percent. If the homeowner refinances, the charges will be $2,000. What is the...
-
A 30-year, $250,000 mortgage has a rate of 5.4 percent. What are the interest and principal portions in the first payment? In the second?
-
On 14 August British Biotech traded options were quoted on NYSE Liffe as follows: Assume: No transaction costs. Required a. Imagine you write a December 180 put on 14 August. Draw a graph showing...
-
What is the revenue cycle? Why is it important to healthcare organizations?
-
How are KPIs and dashboards used to monitor operations?
-
What is the purpose of a crumple zone (which has been manufactured to collapse in a crash) in the front section of an automobile?
-
Briefly discuss two means by which a firm can monitor its receivables position.
-
Why are operational and financial metrics important to good management?
-
Discuss the interfaces and distributed systems characteristics of Neo4j.
-
For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0
-
What are the criteria for distinguishing between a deductible expense and a capital expenditure?
-
Why are expenses related to tax-exempt income disallowed?
-
Under what circumstances may a taxpayer deduct an illegal bribe or kickback?
-
If a burning log is a black object with a surface area of 0 . 3 5 ???? 2 and a temperature of 8 0 0 ???? , how much power does it emit as thermal radiation?
-
A 3 0 ???? ???? child starts at rest at the top of a water slide that is 4 meters above the surface of the water. a ) Calculate the gravitational potential energy of the child when they are at the...
-
In the United States, the Veterans Administration (VA) is tasked with, among other things, providing quality health care for U.S. military veterans. Chronically underfunded, the agency was having...
Study smarter with the SolutionInn App