Sunday
March 1, 2015

Homework Help: Finance

Posted by Riley on Saturday, October 17, 2009 at 3:33pm.

you take out a $250,000, 30-year loan with monthly payments at a 6.5% interest rate. 4 years later, you refinance the remaaining balance at a 4% rate and pay a $1,000 fee. What is the present value of the savings from doing this?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - You have been living in the house you bought 10 years ago for $300,000...
finance - You have been living in the house you bought 10 years ago for $300,000...
Finance - (15 points) You have been living in the house you bought 10 years ago ...
MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
Finance - Five years ago, you bought a house for $151,000. You had a down ...
accountancy - You have been living in the house you bought 10 years ago for $500...
Math Finance please help - Five years ago, you bought a house for $151,000. You ...
math - The Sandersons are planning to refinance their home. The outstanding ...
math - The Sandersons are planning to refinance their home. The outstanding ...
Finite Math - The Sandersons are planning to refinance their home. The ...

Members