You borrow $165,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 30 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?
Answer to relevant QuestionsYou have just won the lottery. You will receive $1,000,000 today, and then receive 40 payments of $500,000. These payments will start one year from now and will be paid every six months. A representative from Greenleaf ...May be pay Life Insurance Company is selling a annuity contract for $70,000. The contract will make monthly payments of $350 for the next 35 years.What is the monthly interest rate on this contract?What is the APR?What is ...The Up and Coming Corporation's common stock has a beta of 1.5. If the risk-free rate is 6 percent and the expected return on the market is 13 percent, what is the company's cost of equity capital? (Do not round your ...How can the American legal system, which is so devoted to protecting individual rights, justify itself morally if it jeopardizes, through its own rules, the right of law-abiding citizens to personal peace and security.1. What type are the Intel bonds?2. What are the major provisions for the bond such as sinking fund, etc?3. What assets are pledged for the bonds?4. If the bonds are called early, what is the price?5. Is there any step up or ...
Post your question