2. You found your dream house. It will cost you $300000 and you will put down $45000...

Fantastic news! We've Found the answer you've been seeking!

Question:

2. You found your dream house. It will cost you $300000 and you will put down $45000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?

3. Your bank offers you a 36-month, 3% APR car loan for a $54000 new Mercedes SLK300 Roadster. What will your monthly payment be?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

See More Books

Posted Date: Nov 21, 2022 08:41 AM

See More Questions

I COMM210 company is establishing an allocation rule for indirect costs. The average indirect cost from the past 12 weeks is $543.31. It plans to allocate total indirect costs to marketing and...
Let XY y P oissony and Y Gamma a Write down the joint density f x y of the random variables X and Y b Compute the probability mass function of the random variable X Simplify your expression until...
Allocation of indirect costs to various departments can alter the departmental profit. Stop Company manufactures plates for drum brakes. To make the brake plate, three departments are required:...
Understand the content theories of motivation.
Nike, Inc. sells merchandise to its wholly-owned subsidiary, Converse, at a 30 percent markup on cost and Converse sells to Nike at a markup of 20 percent on selling price. Transactions between the...
A ball is thrown straight up into the air. The function h(t) gives the height of the ball (in feet) after t seconds. Translate the task into both a statement involving the function and a statement...
Consider the following cash flow profile and assume MARR is 10 percent/year and the finance rate is 4 percent/ year. a. Determine the MIRR for this project. b. Is this project economically...
Part A: Blue Blaze Company, whose fiscal year ends December 31, completed the following transactions involving notes payable: 2013 Nov. 25 Purchased a new loading cart by issuing a 60-day 10 percent...
2) Rolf throws a small bouncy ball of mass 52.0 g with speed 15.1 m/s. The ball bounces off a wall, rebounding at 13.8 m/s. The ball is in contact with the wall for 2.25 milliseconds (2.25 ms). Find...
The fraud triangle identifies conditions or circumstances that are often precursors to financial fraud. 1)Define the three categories of fraud risk factors that are included in the fraud triangle and...
Read the case "Reshaping Business with Artificial Intelligence, Closing the Gap Between Ambition and Action" and answer the following questions : 1. Describe what is AI and how AI may benefit the...
How do leaders navigate the complexities of team dynamics, including conflicts, power struggles, and role ambiguity, while promoting constructive dialogue, conflict resolution, and mutual...
Using scholarly resources which do you feel is the most limiting factor in generating innovations: the idea for an innovation, or the organizational processes to support innovation? Why? Do you think...
Briefly describe and analyze the relationship between emotional intelligence and conflict resolution strategies within high-stress work settings?
What are the implications of cross-cultural communication barriers for multinational corporations in terms of team collaboration and conflict resolution?
Create and evaluate a scenario where, according to the Maryland Attorneys Rules of Professional Conduct, a conflict of interest might exist. The scenario must be detailed with names, actions, and a...
57. Asuncion received the following royalties from the following sources: Mining claims A novel on seduction and love Basic accounting textbook Music album P 150,000 250,000 80,000 40,000 What is the...
Determine the reactions in supports A and D and connections B and C. Sketch its shear and moment diagram and determine the magnitude ankoration of the maximum shear and moment for every member. 18 3...
Alexandra Bronson, age 58, has done a very good job of accumulating savings over the years. She has all of her accounts at the same depository institution and has multiple accounts. Her balances are...
(a) What specific recommendations would you give the Johnsons for selecting checking and savings accounts that will enable them to effectively use the first and second tools of monetary asset...
Dario Flores, radio station manager in Franklin County, New Jersey, is in the 25percent federal marginal tax bracket and pays an additional 5percent in income taxes to the state of New Jersey. Dario...
Scientists propose that the first macromolecules in protobionts were a. DNA molecules. b. RNA molecules. c. proteins. d. all of the above.
Which of the following function(s) is/are carried out by piRITS or piRISC? a. Inhibits transcription of TEs b. Causes the degradation of TE RNA c. Causes chromosome breakage d. Both a and b are...
In the CRISPR-Cas system, what does tracrRNA bind to? a. crRNA and Cas1 protein b. crRNA and Cas2 protein c. crRNA and Cas9 protein d. Cas1 and Cas2 proteins

2. You found your dream house. It will cost you $300000 and you will put down $45000...

Question:

Expert Answer:

Value of the truck 250000 Downpayment 50000 Loan Amount P 250000 50000 200000 Inter... View the full answer

Personal Finance

Students also viewed these finance questions