> K M Question 3 - Ch 15 Assignment C ezto.mheducation.com/ext/map/index.html?_con=con&external_bro... Q : All Bookmarks TABLE...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
> K M Question 3 - Ch 15 Assignment C ezto.mheducation.com/ext/map/index.html?_con=con&external_bro... Q : All Bookmarks TABLE 15.1 C X + ezt.prod.mheducation.com/Media/Connect Production/b... Co 00 Q Ch 15 Assignment i 3 0.57 points Drill Problem 15-4 (Algo) [LU 15-1 (3)] Use the following amortization chart: Saved Help Save & Exit Submit J Amortization table (mortgage principal and interest per $1,000) Check my work Rate Interest Only 10 Year 15 Year 20 Year 25 Year 30 Year 40 Year 2.000 0.16667 9.20135 6.43509 5.05883 4,23854 3.69619 3.02826 2.125 0.17708 9.25743 6.49281 5.11825 4.29966 3.75902 3.09444 2.250 0.18750 9.31374 6.55085 5.17808 4.36131 3.82246 3.16142 2.375 0.19792 9.37026 6.60921 5.23834 4.42348 3.88653 3.22921 Selling price of home Down payment $ 5,000 Principal (loan) $ 69,000 eBook $ 74,000 What is the total cost of interest? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Rate of interest 5.0% Payment per Monthly mortgage 2.500 0.20833 9.42699 6.66789 5.29903 4.48617 3.95121 3.29778 Years 30 $1,000 payment 2.625 0.21875 9.48394 6.72689 5.36014 4.54938 4.01651 3.36714 $ 5.3682 $ 370.41 2.750 0.22917 9.54110 6.78622 5.42166 4.61311 4.08241 3.43728 2.875 0.23958 9.59848 6.84586 5.48361 4.67735 4.14892 3.50818 3.000 0.25000 9.65607 6.90582 5.54598 4.74211 4.21604 3.57984 3.125 0.26042 9.71388 6.96609 5.60876 4.80738 4.28375 3.65226 Print Total cost of interest 3.250 0.27083 9.77190 7.02669 5.67196 4.87316 4.35206 3.72541 3.375 0.28125 9.83014 7.08760 5.73557 4.93945 4.42096 3.79930 3.500 0.29167 9.88859 7,14883 5.79960 5.00624 4.49045 3.87391 References 3.625 0.30208 9.94725 7.21037 5.86404 5.07352 4.56051 3.94923 3.750 0.31250 10.00612 7.27222 5.92888 5.14131 4.63116 4.02526 3.875 0.32292 10.06521 7.33440 5.99414 5.20959 4.70237 4.10198 4.000 0.33333 10.12451 7.39688 6.05980 5.27837 4.77415 4.17938 4.125 0.34375 10.18403 7.45968 6.12587 5.34763 4.84650 4.25746 4.250 0.35417 10.24375 7.52278 6.19234 5.41738 4.91940 4.33620 4.375 0.36458 10.30369 7.58620 6.25922 5.48761 4.99285 4.41559 4.500 0.37500 10.36384 7.64993 6.32649 5.55832 5.06685 4.49563 4.625 0.38542 10.42420 7.71397 6.39417 5.62951 5.14140 4.57629 4.750 0.39583 10.48477 7.77832 6.46224 5.70117 5.21647 4.65758 4.875 0.40625 10.54556 7.84297 6.53070 5.77330 5.29208 4.73947 5.000 0.41667 10.60655 7.90794 6.59956 5.84590 5.36822 4.82197 5.125 0.42708 10.66776 7.97320 6.66881 5.91896 5.44487 4.90505 5.250 0.43750 10.72917 8.03878 6.73844 5.99248 5.52204 4.98870 5.375 0.44792 10.79079 8.10465 6.80847 6.06645 5.59971 5.07293 5.500 0.45833 10.85263 8.17083 6.87887 6.14087 5.67789 5.15770 5.625 0.46875 10.91467 8.23732 6.94966 6.21575 5.75656 5.24302 5.750 0.47917 10.97692 8.30410 7.02084 6.29106 5.83573 5.32888 Mc Graw < Prev 3 of 14 Next > 5.875 0.48958 11.03938 8.37118 7.09238 6.36682 5.91538 5.41525 Hill 6.000 0.50000 11.10205 8.43857 7.16431 6.44301 5.99551 5.50214 M 31 O G Apr 15 11 hp > K M Question 3 - Ch 15 Assignment C ezto.mheducation.com/ext/map/index.html?_con=con&external_bro... Q : All Bookmarks TABLE 15.1 C X + ezt.prod.mheducation.com/Media/Connect Production/b... Co 00 Q Ch 15 Assignment i 3 0.57 points Drill Problem 15-4 (Algo) [LU 15-1 (3)] Use the following amortization chart: Saved Help Save & Exit Submit J Amortization table (mortgage principal and interest per $1,000) Check my work Rate Interest Only 10 Year 15 Year 20 Year 25 Year 30 Year 40 Year 2.000 0.16667 9.20135 6.43509 5.05883 4,23854 3.69619 3.02826 2.125 0.17708 9.25743 6.49281 5.11825 4.29966 3.75902 3.09444 2.250 0.18750 9.31374 6.55085 5.17808 4.36131 3.82246 3.16142 2.375 0.19792 9.37026 6.60921 5.23834 4.42348 3.88653 3.22921 Selling price of home Down payment $ 5,000 Principal (loan) $ 69,000 eBook $ 74,000 What is the total cost of interest? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Rate of interest 5.0% Payment per Monthly mortgage 2.500 0.20833 9.42699 6.66789 5.29903 4.48617 3.95121 3.29778 Years 30 $1,000 payment 2.625 0.21875 9.48394 6.72689 5.36014 4.54938 4.01651 3.36714 $ 5.3682 $ 370.41 2.750 0.22917 9.54110 6.78622 5.42166 4.61311 4.08241 3.43728 2.875 0.23958 9.59848 6.84586 5.48361 4.67735 4.14892 3.50818 3.000 0.25000 9.65607 6.90582 5.54598 4.74211 4.21604 3.57984 3.125 0.26042 9.71388 6.96609 5.60876 4.80738 4.28375 3.65226 Print Total cost of interest 3.250 0.27083 9.77190 7.02669 5.67196 4.87316 4.35206 3.72541 3.375 0.28125 9.83014 7.08760 5.73557 4.93945 4.42096 3.79930 3.500 0.29167 9.88859 7,14883 5.79960 5.00624 4.49045 3.87391 References 3.625 0.30208 9.94725 7.21037 5.86404 5.07352 4.56051 3.94923 3.750 0.31250 10.00612 7.27222 5.92888 5.14131 4.63116 4.02526 3.875 0.32292 10.06521 7.33440 5.99414 5.20959 4.70237 4.10198 4.000 0.33333 10.12451 7.39688 6.05980 5.27837 4.77415 4.17938 4.125 0.34375 10.18403 7.45968 6.12587 5.34763 4.84650 4.25746 4.250 0.35417 10.24375 7.52278 6.19234 5.41738 4.91940 4.33620 4.375 0.36458 10.30369 7.58620 6.25922 5.48761 4.99285 4.41559 4.500 0.37500 10.36384 7.64993 6.32649 5.55832 5.06685 4.49563 4.625 0.38542 10.42420 7.71397 6.39417 5.62951 5.14140 4.57629 4.750 0.39583 10.48477 7.77832 6.46224 5.70117 5.21647 4.65758 4.875 0.40625 10.54556 7.84297 6.53070 5.77330 5.29208 4.73947 5.000 0.41667 10.60655 7.90794 6.59956 5.84590 5.36822 4.82197 5.125 0.42708 10.66776 7.97320 6.66881 5.91896 5.44487 4.90505 5.250 0.43750 10.72917 8.03878 6.73844 5.99248 5.52204 4.98870 5.375 0.44792 10.79079 8.10465 6.80847 6.06645 5.59971 5.07293 5.500 0.45833 10.85263 8.17083 6.87887 6.14087 5.67789 5.15770 5.625 0.46875 10.91467 8.23732 6.94966 6.21575 5.75656 5.24302 5.750 0.47917 10.97692 8.30410 7.02084 6.29106 5.83573 5.32888 Mc Graw < Prev 3 of 14 Next > 5.875 0.48958 11.03938 8.37118 7.09238 6.36682 5.91538 5.41525 Hill 6.000 0.50000 11.10205 8.43857 7.16431 6.44301 5.99551 5.50214 M 31 O G Apr 15 11 hp
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
Suppose you are evaluating a project with the cash inflows shown in the following table. Your boss has asked you to calculate the project's net present value (NPV). You don't know the project's...
-
Please refer to "01:10:30 Valuing a start-up" in this module's lecture recording for illustration. Imagine that a start-up firm plans to open private dining clubs on college campuses. The test market...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
1. 3 2. MONEYBALL MOVIE WORKSHEET 1 1 1 11 6 7 1. Discuss the Oakland Athletics and what is going on with them? How are they look to change? What marketing techniques are being used to better the...
-
Chrysler Group LLC. and Fiat SpA announced that they would partner to bring the subcompact Fiat 500 to be sold in the U.S. sometime in 2011. The Fiat 500 will be positioned as a direct competitor to...
-
Explain each of the following terms: authorized ordinary shares, unissued ordinary shares, issued ordinary shares, outstanding ordinary shares, and treasury shares.
-
MyBattery Inc. makes alkaline batteries and performs the following activities in the manufacturing process to produce a tray of 1,000 batteries. Identify each of the tasks listed above as a...
-
TPo1 Company borrowed $300,000 on January 1, 2010, by issuing a $300,000, 8% mortgage note payable. The terms call for semiannual installment payments of $20,000 on June 30 and December 31....
-
9. At the beginning of the year the exchange rate between the Brazilian Real and the U.S. dollar is 2.5 Reals per dollar. Over the year Brazilian inflation is 16% and U.S. inflation is 2%. If parity...
-
design a program that manages the inventory of an electronics store. You will need to use a number of concepts that you learned in class including: use of classes, use of dictionaries and input and...
-
Search online for information about microfinance in developing countries. What are the potential benefits? What criticism has it received?
-
Comment on the following statement: Globalization is an event of the post-1980s. Prior to this time, we never had to worry about globalization and its effects.
-
a. Determine the price elasticity of demand at each quantity demanded using the arc or midpoint formula: Percentage change in quantity demanded = (Q 2 - Q 1 )/Q 1 divided by percentage change in...
-
Why has the pace of globalization quickened since the 1950s?
-
What are the major arguments in favor of globalization?
-
1- Analyze Boeing strategy in the location selection and layout of the venue where the airplanes are manufactured. 2- What is the type of inventory management does Boeing embrace? How does Boeing...
-
The text defined intrinsic value as the value of an asset given a hypothetically complete understanding of the assets investment characteristics. Discuss why hypothetically is included in the...
-
During a professional development program at a CPA firm, an audit manager was instructing several younger staff members on how to calculate confidence intervals in the accounts receivable area by...
-
An audit partner is developing an office training program to familiarize his professional staff with difference estimation applicable to the audit of dollar- value balances. He wishes to demonstrate...
-
In testing the cash discounts on vendors invoices, the auditor did not expect to find any errors in the sample and therefore used attributes sampling techniques. Based upon the statistical...
Study smarter with the SolutionInn App