You purchased an older home and will have a mortgage of $175,000. What will your monthly payments be with an APR of 5.25% amortized over 25 years. Round to the nearest hundredth. How much in total interest will you pay over the life of the mortgage?

2. Company has the ff characteristics: they have 220,000 common stock outstanding with a share price of $14.00. As well as there is currently 2,500 bonds outstanding with a current market value of $975 per bond. What are the capital structure weights?

Answer rating: 100% (QA)

To calculate the monthly mortgage payments we can use the formula for a fixedrate mortgage M P i1 in 1 in 1 where M monthly mortgage payment P princip... View the full answer