A 30-year, $250,000 mortgage has a rate of 5.4 percent. What are the interest and principal portions
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (20 reviews)
Given Data Loan amount 250000 of years 30 Rate 54 Answer Monthly paymen...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ 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, $235,000 mortgage has a rate of 7.1 percent. What are the interest and principal portions in the first payment? In the second?
-
If you want to take out a 30 year, $250,000.00 mortgage at 5.5% with 2 points (5 points): a. Calculate your monthly principal and interest payment? b. What is the APR (actual/true/effective rate of...
-
You are trying to decide whether to continue renting an apartment or to buy a house. In 20 years, you plan on leaving Canada and moving to a warm tropical island and would like to have as much money...
-
Chemistry A one-electron atom is an atom with Z protons in the nucleus and one electron. For example, Z = 2 for helium and Z = 3 for lithium. Use our class discussion of the allowed radii and...
-
Wingers uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Compute the value of the 2008 and 2009 inventories using the dollar value LIFOmethod. Year...
-
You are considering expanding your product line that currently consists of skateboards to include gas-powered skateboards, and you feel you can sell 10,000 of these per year for 10 years (after which...
-
Ormet Primary Aluminum Corporation, operated an aluminum smelter plant in Hannibal, Ohio. The facility ceased production in October 2013 in order to liquidate its assets after filing for bankruptcy...
-
Borkenstick makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular sandals have cloth soles and the Deluxe sandals have cloth covered wooden soles. Borkenstick...
-
Give any statement as an example to explain data manipulation language nature of SQL.?
-
Assume today is t=0. A 10-year fixed rate bond with a 5% coupon rate is selling at par (annual coupons). From $200 FV of this bond, we form a floater and an inverse floater by equally splitting its...
-
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?
-
Explain why the right to prepay a mortgage is similar to the call feature contained in most corporate bonds.
-
An internal study at Mimeo Corporation-a manufacturer of low-end photocopiers- revealed that each of its workers assembles three photocopiers per hour and is paid $6 for each assembled copier....
-
Data for one of the Hawkins Company products is as follows: Item Amount Maximum capacity 109,500 units Current sales level 70,000 units Selling price $41.50 Variable production costs (per unit) 21.75...
-
A diffraction grating has 25000 lines per centimeter and is illuminated with light of 200 nm. Compute the (a) maximum order of bright fringes can be seen on the screen. (b) angle produced by the...
-
In general, a production function (which characterizes the production process of a firm) does not need to exhibit any, or all of the following: diminishing MRTS, diminishing MPs (diminishing MP, or...
-
Why it is important to align an organization's learning policy with its long-term strategy and goals? Explain in brief.
-
Discuss the reasons why measuring and evaluating purchasing performance has historically had certain problems or limitations. Do you think the purchasing and supply function should increase or...
-
What is the difference between a process with rework and a process with scrap? a. Scrap processes have less capacity. b. Scrap processes have higher implied utilization c. A process can have scrap or...
-
Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.
-
The treasurer of a large corporation wants to invest $20 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 3.15...
-
A Treasury bill purchased in December 2016 has 55 days until maturity and a bank discount yield of 2.48 percent. What is the price of the bill as a percentage of face value? What is the bond...
-
In Problem 9, What is the bond equivalent yield? Data From Problem 9 How much would you pay for a U.S. Treasury bill with 112 days to maturity quoted at a discount yield of 2.18 percent? Assume a $1...
-
A 24.8-mW laser beam of diameter 1.86 mm is reflected at normal incidence by a perfectly reflecting mirror. Calculate the radiation pressure on the mirror. N/m
-
a) Suppose that today you take a short position on 10 futures contracts to sell product A in 6 months from now. Each contract is for delivery of 250 pounds of the underlying asset. The futures price...
-
1. In an isolated calorimeter, 105 g of water is placed in a 20-g aluminum cup. Both the water and the cup start at 32 C. 15 g of ice, initially at 0 C is added to the water and the system is allowed...
Study smarter with the SolutionInn App