Question: PLEASE ANSWER ALL FAST FOR INSTANT UPVOTE PLEASE type the answer You are planning to purchase a house that will require some renovations. 1. You

PLEASE ANSWER ALL FAST FOR INSTANT UPVOTE

PLEASE type the answer

You are planning to purchase a house that will require some renovations. 1. You will have a $350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment be? 2. You decide to do some remodeling in the kitchen. Your parents agree to lend you the money, but you insist on paying them interest. The agreement is that they will lend you $8000.00 at a simple interest rate of 2% per year. Once the interest amounts to $480, you agree to pay them back the $8000 plus the $480 interest. How many months will it take you to pay back this loan if the interest amounts to $480.00? 3. Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded quarterly. How much interest would be earned after 3 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

MBA ASSIGNMENT! PLEASE ANSWER THIS I REALLY NEED THIS! ITS ONE OF MY LAST ASSIGNMENTS! ALSO IF YOU USE YOUR OWN WORDS I WILL UPVOTE!!! Reading (sorry but its 29 pages and I couldn't link a pdf)...

Case Study Read the information below and then answer the questions which follow. Sonja (born 1965). They are the parents of three children: on December 2, 1970) is married to Jeremy Anderson (born...

Prepare a Statement of Advice (SOA) for the Martins interviewed for Assignment 1. The case study information is attached as a picture at the bottom of the page. As this assignment is to be a SOA for...

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

8 Fundamentals of Income Tax - Case Study 2019 1. For each of the following income types and for each family member (if appli ember (if applicable): Itemize all amounts of this type (indicate who...

THE QUESTIONS ARE BELOW I appreciate this help very much . The Butterfiells have also allocated $1,200 per vear to help pay for Troy's travel expenses He has completed one vear of college His health...

I got two questions about the strategy management about Starbucks in Australia market. Please find the questions in attach files. Please answer the questions in a report format with Harvard Reference...

****PLEASE ANSWER QUESTIONS 10-16 **** FIT FORWARD INCOME STATEMENT CASE STUDY Fitness and outdoor recreation coaches and professionals offering personal and group training. Sarah wants to start a...

****************** PLEASE ANSWER QUESTIONS 10-16 ******************** FIT FORWARD INCOME STATEMENT CASE STUDY Fitness and outdoor recreation coaches and professionals offering personal and group...

Nokia and Palm are competitors in the global marketplace. Access Nokias annual report (www.Nokia.com) for the year ended December 31, 2009. The following information is available for Nokia. Required...

This lab requires you to develop a solution using Java object-oriented programming that simulates an order system for children's toys. The child will manage a collection/list of toys (each child owns...

Question 2 7 ( 2 . 5 points ) Which of the following statements regarding convertible bonds are most accurate? 1 . Are likely to pay a lower yield than a comparable non - convertible bond . 2 . Are...

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...