Question: please help with both ive gotten them wrong 3 times now Consider a 20-year mortgage for $391,494 at an annual interest rate of 4.9%. After

please help with both ive gotten them wrong 3 times now

Consider a 20-year mortgage for $391,494 at an annual interest rate of 4.9%. After 6 years, the mortgage is refinanced to an annual interest rate of 2.4%. What are the monthly payments after refinancing? Round your answer to the nearest dollar. Question 8 1 pts Consider a 30-year mortgage for $332,573 at an annual interest rate of 5.7%. After 12 years, the mortgage is refinanced to an annual interest rate of 3%. How much interest is paid on this mortgage? Round your answer to the nearest dollar

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!

24 QUESTIONS IN TOTAL. CORPORATE FINANCE FROM WHARTON-UPEN, COURSERA 3 Problem 1. Amortizing Bond Assume that a bond makes 30 equal annual payments of$1,000starting one year from today. (This...

Hi. I need Chapter 11 part 1-4 Let me know. Thanks! (it wont letme add more than $8, but I will give $12+ tip) Personal Finance, Fifth Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK...

Can someone help me with this? I need it by tomorrow chapter 2 Issues in Accounting for Corporate Debt and Equity istockphoto Learning Objectives Be able to articulate the advantages and...

BU4762 Sample Midterm #1 A 2-year, $13,500 mortgage has a $ 1,282.20 monthly payment. What will be the remaining balance on the mortgage after 3 months? 2. You have the opportunity to buy a...

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

Hello I need help with my Project i asked and I tried but i did get any answer can you help me please to solve this problem Building Blocks of Accounting .. A Financial Perspective to the same screen...

3 Problem 1. Amortizing Bond Assume that a bond makes 30 equal annual payments of$1,000starting one year from today. (This security is sometimes referred to as an amortizing bond.) If the discount...

just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question 2..BTW,please focus the every step FINANCE SPOTLIGHT...

>Save On DT Ch 9 Student Assign Ch 9 Recording liabilities US Edition at Aug 29_18 (1) (1) - Protected Home Insert Draw Page Layout Formulas Data Review View Help "ROTECTED VIEW Be careful--files...

Please help me please i will give good rating please Case study At the recently concluded two-day annual financial planning conference held at a major international hotel in Kuala Lumpur, your firm...

Suppose the spot and six-month forward rates on the won are won 950. 18 and won 956.85, respectively. The annual risk-free rate in the United States is 5 percent, and the annual risk-free rate in...

1. What is the difference on the curves of voltages measured at voltage source and the resistor? 2. What is the difference on the curves of current measured at voltage source and the resistor? 3....

Diana acquires, for $ 2 6 2 , 4 0 0 , and places in service a 5 - year class asset on December 1 9 , 2 0 2 4 . It is the only asset that Diana acquires during 2 0 2 4 . Diana does not elect immediate...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

A What are the ethical obligations of a speaker in preparing informative presentations? Can you ignore the coachs request and just say what you want to say?

3 Does gender play a role in public speaking as well? Would Kotbs message be as well received by her audience if she were a man?

Would you find it hard to speak in a purely informative manner on certain subjects? Would you be able to speak, for example, in a nonpersuasive way about your religious beliefs? Your favorite film? A...