Roy Toth, a friend of yours, has recently purchased a home for $125,000, paying $25,000 down and
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Roy Toth, a friend of yours, has recently purchased a home for $125,000, paying $25,000 down and the remainder financed by a 6.5%, 20-year mortgage, payable at $745.57 per month. At the end of the first month, Roy receives a statement from the bank indicating that only $203.90 of principal was paid during the month. At this rate, he calculates that it will take over 40 years to pay off the mortgage. Is he right? Discuss.
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No Roy is not right The monthly payment considers following p...View the full answer
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Hemant Pareek
Conducted trainings at various levels during my corporate exposure, trainings were in the field of finance and corporate finance
As Part of corporate investment banking department as team leader
? Provided audit support for financial reporting
? Conducted trainings at various levels for conceptual understanding of complex processes
? Advised and Integrated automated and manual checks in models for error reduction
As Part of corporate finance department in business valuation team
? Performed valuation analysis in relation to merger, demerger, impairment on a wide range of public and private entities within various industries
? Prepared valuation models involving - discounted cash flow analysis (FCFF and FCFE models), Comparable company analysis, Comparable transaction analysis, Sum of the parts (SOTP) valuation methodology and sensitivity analysis
? Prepared additional schedules for clarity i.e. depreciation schedule, working capital schedule, intangibles schedule, debt schedule, investment schedule, taxation schedule etc.
? Performed Purchase Price Allocations (PPA) of assets and liabilities that have been acquired consequent to a transaction.
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Related Book For 
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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