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April 18, 2014

Search: 12. You have a loan for $150,000 at 5% on a 30-year mortgage. You plan to pay off your loan in 10 years. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule?

Number of results: 195,709

math
You have a loan for $150,000 at 5% on a 30-year mortgage. You plan to pay off your loan in 10 years. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule?
Monday, November 15, 2010 at 5:05pm by Anonymous

math
You have a loan for $150,000 at 5% on a 30-year mortgage. You plan to pay off your loan in 10 years. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule? A. Not enough information given B. Neither C.Unpaid Principle Balance Rule
Monday, November 15, 2010 at 5:05pm by Brenna

math
A borrower received a 30-year ARM mortgage loan for $120,000. Rate caps are 3/2/6 (first adjustment/subsequent adjustments/total over the life of the loan). The start rate was 3.50% and the loan adjusts every 12 months for the life of the mortgage. The index used for this ...
Wednesday, October 3, 2012 at 1:42pm by mahagoni

Math
you have a loan for $150,000 @ 5% on a 30 yr mortgage. You plan to pay off your loan in 10 yrs, Do you want your loan to be figured using the "Rule of 78" or the "Unpaid Principal Balance Rule" please help if possible Thanks in advanced
Sunday, May 27, 2012 at 11:28pm by lost!!!! any other answer

Mortgage Class
A borrower received a 30-year ARM mortgage loan for $120,000. The start rate was 3.50% and the loan adjusts every 12 months for the life of the mortgage. Rate caps are 3/2/6. The index used for this mortgage is the LIBOR. For this exercise, letís say it was 3.00% at the start ...
Thursday, May 3, 2012 at 8:40pm by Pauline Holcomb

public finance
Your annual income is $50,000. You want to take out a mortgage loan to buy a house. The rule on mortgage loan requires that your annual mortgage payment cannot exceed 30% of your annual income. If the current interest rate is 5% for a 30-year mortgage loan, what is the maximum...
Wednesday, September 26, 2012 at 10:11pm by Jamie

Math
You have aloan for 150,000 at 5% on a 30 yr mortgage. You plan to pay off your loan in 10 yrs. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule or something else.
Sunday, May 27, 2012 at 9:46pm by John

Finance
You take out a 30-year $100,000 mortgage loan with an APR of 6 percent and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?
Saturday, May 10, 2008 at 4:31pm by Anonymous

Loans
A borrower received a 30-year ARM mortgage loan for $120,000. Rate caps are 3/2/6 (first adjustment/subsequent adjustments/total over the life of the loan). The start rate was 3.50% and the loan adjusts every 12 months for the life of the mortgage. The index used for this ...
Tuesday, November 5, 2013 at 2:44pm by Donna

SMU
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $2,300,000 purchase price. The monthly payment on this loan will be $15,000. Therefore, the APR on this loan is
Thursday, June 23, 2011 at 4:06pm by MAX

SMU
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $2,800,000 purchase price. The monthly payment on this loan will be $17,000. Therefore, the APR on this loan and the EAR
Thursday, June 23, 2011 at 4:06pm by magriby

Finance
You have just purchased a new warehouse. To finance the purchase, you have arranged for a 30-year mortgage loan for 80 percent of the $2,800,000 purchase price. The monthly payment on the loan will be $22,000. a. What is the effective annual rate (EAR) on this loan?
Sunday, November 17, 2013 at 8:08pm by lp

finance
You take out a 30- yr mortgage loan, purchase price is $120,000 put $20,000 down and finances the balance of $100,000 at fixed annual loan rate of 12%, what will be your monthly payment? How much total interest will you have paid at the end of 30 years?
Friday, May 4, 2012 at 12:15am by tj

finance
You take out a 25-year $210,000 mortgage loan with an APR of 12% and monthly payments. In 16 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?
Tuesday, November 20, 2012 at 1:14pm by Anonymous

Finance
You take out a 30 year $100000 mortgage loan with an apr of 6% and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principle balance on the loan?
Saturday, September 28, 2013 at 11:30am by Jessica

finance
Oppenheimer Bank is offering a 30-year mortgage with an EAR of 5 3/8%. If you plan to borrow $150,000, what will your monthly payment be?
Monday, July 12, 2010 at 10:49pm by James

MATH
FreddieMac reports that the average rate on a 30-year fixed rate mortgage is 3.92% as of January 2012. This is down from 4.76% in January 2011 and 5.03% in January 2010. If you have a $225,000, 5%, 30-year mortgage, how much interest will you save if you refinance your loan at...
Tuesday, November 12, 2013 at 9:28am by WONDA

accounting
You have just purchased a house and have obtained a 30-year, $200,000 mortgage with an interest rate of 10 percent. Required: a. what is your annual payment? b. Assuming you bought the house on Jan. 1st, what is the principle balance after one year? c. After four years, ...
Wednesday, July 11, 2012 at 5:58pm by scotty

finance mortgage payment
What is your monthly mortgage payment on a loan for $150,000, at 6% for 20 years? I used my TI-83.... N=20*12 I%=6%/12 PV=150,000 PMT=0 FV=0 PMT=-1074.646 FINAL ANSWER IS ...$1074.65 per month the negative sign represents a cash outflow
Friday, July 25, 2008 at 12:43pm by Jason

Finance
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $2,800,000 purchase price. The monthly payment on this loan will be $17,000. What is the APR and ERA?
Sunday, September 23, 2012 at 4:00pm by Anonymous

Finance
Consider the following scenario: John buys a house for $150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%. He makes annual payments rather than monthly payments. Unfortunately for John, interest rates go up by 1% for each of the five years ...
Friday, October 22, 2010 at 6:20pm by sweet

Finance
Consider the following scenario: John buys a house for $150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%. He makes annual payments rather than monthly payments. Unfortunately for John, interest rates go up by 1% for each of the five years ...
Saturday, October 23, 2010 at 12:59pm by sweet

Math
1.--Cody and Carolyn have a 20/7 balloon mortgage for $216,000 with a rate of 4.55%. How much will they pay in interest over the life of the loan? 2.--Sarah finances $549,000 with a 30/6 balloon mortgage at 5.35%. How much will she pay for principal and interest over the life ...
Tuesday, February 4, 2014 at 2:52pm by Jamison

math
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?
Tuesday, August 23, 2011 at 5:15pm by apryl

Please Help
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?
Monday, May 28, 2012 at 4:12pm by shirley

Math
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?
Saturday, July 16, 2011 at 6:50pm by TRAY

algebra with application
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 20% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?
Sunday, November 27, 2011 at 2:36pm by Anonymous

accounting
House mortgage You have just purchased a house and have obtained a 30-year, $200,000 mortgage with an interest rate of 10 percent. Required: a. what is your annual payment? b. Assuming you bought the house on Jan. 1st, what is the principle balance after one year? c. After ...
Wednesday, June 10, 2009 at 11:27am by matt

finance mortgage payment
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Sunday, November 21, 2010 at 7:25pm by elizabeth

ALGEBRA
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan? I need help.Steps please.
Saturday, November 26, 2011 at 1:55pm by MONICA

Maths
Mortgage company lets you pay a point (1% of total amount of loan)to reduce APR from 6.5% to 6.25% on a $400,000 30-yr mortgage with monthly payments. Plan to be in house for at least five years. Should you pay the point?
Thursday, February 13, 2014 at 9:24pm by Sejul

Fiancial Management
You decide to purchase a building for $30,000, you put $5,000 down payment. The banks offers you a 15 yr mortgage requiring annual end of year payments of $3,188. The bank also requires you to pay a 3% loan originatio fee. Compare the annual % rate of interest on this loan.
Sunday, August 3, 2008 at 6:15pm by Tuty

Corporate law
At a closing at 10 a.m. on May 3, 2005, X Corp. delivers $25,000,000 to the seller of a factory using $20,000,000 from Bank One secured by a mortgage on the property, and the attorney for X Corp. records its title to the property at the same time. At 2 p.m. the same day, X ...
Wednesday, November 21, 2012 at 10:25am by rachel

Economics
Calculate the total dollar amount paid for a house purchased for $200,000. The buyer paid $50,000 as down payment and the remaining $150,000 was obtained with a closed mortgage having a 25 year loan at 10% interest compounded semi-annually and a monthly payment period. Assume ...
Monday, June 24, 2013 at 11:32am by John

consumer math grade 12
jesse buys a 150 000 house and will make a 30 000 down payment the bank will charge him an interest rate of 5% with the mortgage amoritized over 15 years determine the monthly mortgage payment
Sunday, April 18, 2010 at 7:56pm by jodi jerome

engr. economics.
last year 92005-2006) you took out a a student loan for $12,000. this year (2006-2007), you got one for $11,000. Next year (2007-2008) you plan on borrowing $10,000. You won't take a long out the following year (2008-2009), and you graduate in 209, if you want to pay the loan ...
Wednesday, April 22, 2009 at 1:15pm by Anonymous

tsu
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Tuesday, November 5, 2013 at 11:06am by elizabeth

tsu
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Tuesday, November 5, 2013 at 11:06am by wendy

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:00pm by CABDY

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:01pm by WENDY

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:01pm by TYRONE

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:01pm by MIKE

Math
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:01pm by Roshalle

math
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:02pm by james

Math
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:02pm by Rachel

financial management
suppose you purchase a home for $150,000.and obtain a 90% mortgage loan, 30 yr. maturity, at a fixed annual interest rate of 80% with deferred monthly payments. What is the monthly payment for principal and interest on this loan?
Sunday, January 13, 2008 at 11:09am by cj

calculus
the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given by P=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ] Find the monthly payment for a home mortgage of 300,000 that will be amortized over 30 yr with an ...
Sunday, March 11, 2012 at 1:19pm by yessi

public finance
Current rate is 5% for a 30 year mortgage loan what is the maximum one can borrow with annual income of 50,000?
Wednesday, September 26, 2012 at 10:04pm by Anonymous

Bus math case study 12.1
Shantel and Kwamie are planning to buy their first home. Although they are excited about the prospect of being homeowners, they are also a little frightened. A mortgage paymetn for the next 30 years sounds like a huge commitment. They visited a few new developments and ...
Monday, April 5, 2010 at 11:44pm by Heather

MATH MATH MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
Saturday, November 9, 2013 at 12:02pm by KIM

business math
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a...
Saturday, November 9, 2013 at 7:27pm by tina

business finance
You have saved $15,000 for down payment on a car costing $55,000, and plan to finance the rest with a 5-year loan. The dealer is offering you a loan with a monthly payment of $1,050. What effective annual rate of interest is the dealer charging on the loan
Sunday, February 23, 2014 at 9:03pm by sakiss

Economics
Engineering Economics Essay 1: You wish to purchase a home for $150,000 and you can put down 10% of this price as down payment. You can get a 20 year fixed rate mortgage loan for 6.0% with no points. You can optionally decide to pay 2 points to bring the mortgage rate down to ...
Saturday, July 9, 2011 at 8:11am by Rashed Alhajri

business
Engineering Economics Essay Question: You wish to purchase a home for $150,000 and you can put down 10% of this price as down payment. You can get a 20 year fixed rate mortgage loan for 6.0% with no points. You can optionally decide to pay 2 points to bring the mortgage rate ...
Saturday, July 9, 2011 at 8:09am by Rashed Alhajri

Finance
Sauerfood company has decided to buy a new computer system with an expected life of 3 yrs. the cost is 150,000.the comapny can borrow $150,000 for 3yrs at 10% annual interest or for one yr at 8% annual interest. How much wld sauer save in interest over the 3 yr life of the ...
Monday, November 8, 2010 at 10:19pm by Nancy

real estate finance
I need to find the mortgage loan amount and can't remember how to do it. The borrowers have a combined gross monthly income of $50,400. Sale price is $190,000 and buyers are able to obtain a 90% conventional FNMA/FHLMC loan at 4 3/4% for 30 years. The annual PMI premium is .46...
Saturday, March 23, 2013 at 10:07am by tmouery

Math
A 30 year fixed rate $100,000 mortgage loan . The interest rate is 7.5% compounded monthly.After 20 years the bank is making an offer to refinance at a lower rate of 4.5% . The estimated closing costs are $3,000?
Monday, December 12, 2011 at 10:58am by wen

QM
I would make three calculations. The math guys probably have a formula that works it all at once. First payment is 10,000. Interest for Jan and Feb = 2 months 150,000 x 0.12 x (2/12) = 3,000 interest and we pay 10,000. Net loan at end of Feb is 150,000+3000-10,000 = 143,000 ...
Saturday, October 15, 2011 at 5:50am by DrBob222

accounting
4/4/04, Corporation, which has a 12/31 year end authorized $1,500,000 of callable, mortgage bonds (secured by $2,200,000 of property and equipment, at market value). The bonds paid interest at a rate of 8% per year and had a term of 6 years. Interest was payable each 9/30, and...
Tuesday, September 15, 2009 at 1:16pm by Bob

Real Estate Financing
"Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the ...
Thursday, June 28, 2012 at 11:20pm by Tianna

finance
You have just purchased a new warehouse. To finance the purchase, youíve arranged for a 25-year mortgage for 75 percent of the $3,600,000 purchase price. The monthly payment on this loan will be $17,700. What is the APR on this loan?
Sunday, January 19, 2014 at 9:21pm by Anonymous

Intro Finance
This is how I interpret your question #1. (1) Cindy starts year 1 with a debt of $26,000-12,000 = $14,000 from year 0, or a bit less if she has been making minimum payments on the loan or credit card that she uses to pay the bills. If she is lucky enough to get 4% financing (...
Saturday, February 2, 2008 at 4:46pm by drwls

business math
Ben and Mal Scott plan to buy a home for $272,900. They will make a 10% down payment, and qualify for a 25-year, 7% mortgage loan. a. What is the amount of their monthly payment? b. how much interest will they pay over the life of the loan?
Thursday, May 26, 2011 at 1:23am by ivet

Math and Society
You can afford monthly payments of $1200. If current mortgage rates are 7.5% for a 30-year fixed rate loan, what loan principal can you afford? If you are required to make a 20% down payment and you have cash on hand to do it, what price home can you afford?
Saturday, November 8, 2008 at 7:25pm by Michele

Math
4. Find the monthly payment for the loan. (Round your answer to the nearest cent.) $700 loan for 12 months at 15% 5. Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $128,000 home bought with a 20% down payment and the balance financed for 30 ...
Wednesday, February 19, 2014 at 5:04pm by Cece

Straight-line Depreciation
For the first 5 years, annual depreciation = (150,000 - 30,000)/10 = 12,000 / year total depreciation after first 5 years = 60,000 Residual value = 150,000 - 60,000 = 90,000 New salvage value after the 5th year = 24,000 New annual depreciation as of the sixth year =(90,000-24,...
Thursday, December 3, 2009 at 12:26pm by MathMate

Real Estate Finance
A $100,000, 30 year fixed rate mortgage at 8% interest has monthly principal and interest payments of $733.76. What is the loan balance after the first payment?
Saturday, December 8, 2012 at 11:28am by tmouery

finance
You borrow $185,000 to buy a house. The mortgage rate is 6.5 percent and the loan period is 32 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?
Tuesday, September 20, 2011 at 7:13pm by chris

infinite math
Hey guys! really need help with this one!!! On December 31, 1995, a house is purchased with the buyer taking out a 30-year $90,000 mortgage at 9% interest compounded monthly. The mortgage payments are made at the end of each month. Calculate: (A) the unpaid balance of the loan...
Sunday, April 1, 2012 at 8:29pm by tommy

Math
Suppose you wnat to purchase a house for 650,000. Hoe much of the loan would be left after 10 years if the interest rate was 3.8 % and it was a thirty year mortgage? And if you made the montly payments for ten years, and then increase your payment to 4000 per year, how many ...
Saturday, November 2, 2013 at 3:02pm by Kassie

Math
A retired couple needs $12,000 per year in income to supplement their Social Security. They have $150,000 to invest to obtain this income. They have decided on two investment options: AA bonds yielding 10% per annum and a bank CD yielding 5%. (a) How much should be invested in...
Thursday, July 7, 2005 at 10:32am by Angel

math
What is your monthly mortgage payment on a loan for $150,000, at 6% for 20 years? $899.33 $1,265.79 $1,074.65 $1,089.91
Thursday, July 24, 2008 at 10:42pm by brittany

Real Estate Finance
If your lending institution is willing to give you an 85% loan/mortgage on a house valued at $150,000 and you already have given a $5,500 earnest money deposit, how much additional cash will you need for your downpayment?
Monday, November 26, 2012 at 2:20pm by tmouery

Case study question 1
After you explain to them that they can borrow money at different rates and for different amounts of time, they ask you to complete a chart indicating what the monthly mortgage payment would be under some possible inerest rates and borrowing periods. They also want to know ...
Monday, April 5, 2010 at 11:44pm by Heather

engr. econ.
homeowener is considering refinancing his home. original amount of the 30 yr loan was 250,000 at 12% compounded monthly. The owner has made ten years of payments. how much is the remaining balance on the loan. this is what I gotL r=12%, m=12, i=12%/12=1%/month I have to find ...
Tuesday, April 21, 2009 at 6:38am by jen

Finance
Say that you purchase a house for $270,000 by getting a mortgage for $235,000 and paying a $35,000 down payment. If you get a 15-year mortgage with a 8 percent interest rate, what are the monthly payments?
Monday, February 27, 2012 at 12:36pm by Brittany

Finance
You take out a 30-year $100,000 mortgage loan with an APR of 6 percent and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan? I am working this on the assumption that your monthly rate is .005. First...
Sunday, March 18, 2007 at 11:49pm by Antoinette

corporate finance
Bank One is offering a 30yr mortgage with an EAR of 5 3/8%. You plan to borrow $150,000, what will your monthly payments be
Wednesday, October 20, 2010 at 9:32am by rob

math
i am tryin to find the monthly payments on a loan of $250000 with an interest rate of 6% on a 30 year mortgage
Monday, May 9, 2011 at 8:08pm by kim

math so confusing plz help
PITI means Principal, interest, taxes and insurance. You will need to calculate the monthly payment (principal and interest) by amortizing the loan over 30 years. Add on insurance and taxes and you've got the PITI payment. The $150,000 house has a down payment of $10,000, so ...
Sunday, May 1, 2011 at 6:37pm by MathMate

math
find the monthly payment for the loan. Finance $ 750.000 for a warehouse with a 9.50% 30 year loan.
Sunday, March 17, 2013 at 3:06pm by Andrew

accounting
3. On December 1, year 1, Newton Corporation incurs a 15-year $300,000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in monthly installments of $3,600, which include interest computed at the rate of 12% per year. The ...
Monday, January 30, 2012 at 2:31pm by herman

Discrete Mathematics
You borrow $100,000 for a conventional 30 year mortgage at a 4% interest rate. Which is the first year, where years are 1-30, where you will pay more principal than interest?
Tuesday, July 30, 2013 at 4:54am by Joy

math
Determine the regular payment amount, rounded to the nearest dollar. The price of a home is $160,000. the bank requires a 15% down payment. The buyer is offered two mortgage options: 1 year fixed at 8% or 30-year fixed at 8%. Calculate the amount of interest paid for each ...
Wednesday, August 17, 2011 at 8:16am by marie

math
Determine the regular payment amount, rounded to the nearest dollar. The price of a home is $160,000. the bank requires a 15% down payment. The buyer is offered two mortgage options: 1 year fixed at 8% or 30-year fixed at 8%. Calculate the amount of interest paid for each ...
Wednesday, August 17, 2011 at 3:35pm by marie

finance
You have purchased a house and have obtained a 30-year, $ 200,000 mortgage with an interest rate of 10%. What is your annual payment? Assuming you bought the house on January 1, what is the principal after one year? ten years?
Monday, August 9, 2010 at 4:28pm by Anonymous

public finance
If the current interest rate is 5% for a 30-year mortgage loan, what is the maximum amount one can borrow for a house?
Wednesday, September 26, 2012 at 10:04pm by Jamie

statistics
Suppose that you are evaluating two different alternatives. The inflated cost stream for alternative A is $8,000 for year 1, $9,000 for year 2, $12,000 for year 3, 12,000 for year 4, and $13,000 for year 5. The inflated cost stream for alternative B is $10,000 for year 1, $12,...
Friday, January 25, 2013 at 3:36am by Ellis

Math please check answer
Does a payment of almost 9 thousand dollars a month make sense to you? At that rate, you'd have the mortgage paid in about a year (12 * $9,000 = $108,000.
Thursday, January 10, 2008 at 5:51pm by Ms. Sue

Math
My 30 year mortgage loan is $255,413 with a monthly payment of $1,321.33 at 6%. There are only 8 years remaining. what is the payoff?
Monday, June 17, 2013 at 11:21pm by Leslie

PreCalc
Rebecca and Tom Payton have decided to buy a home that costs $200,000. The Paytons can put down 20% of the home's price. They have applied for a 15-year, 9% FRM to finance the balance. They Paytons have a combined gross annual income of $70,000. How much will the Paytons pay ...
Monday, August 23, 2010 at 4:55pm by Anonymous

math
Lauren and mark obtained a 20 year 120,000 conventional mortgage at 10.5% on a house selling 150,000. their monthly mortgage payment including principal and interest is 1197.60. determine the total amount they will pay for their house. how much of the cost will be interest. ...
Wednesday, June 29, 2011 at 5:13pm by nichole

accountancy
You have been living in the house you bought 10 years ago for $500,000. At that time, you took out a loan for 80% of the house at a fixed rate 30-year loan at an annual stated rate of 6%. You have just paid off the 120th monthly payment. Interest rates have meanwhile dropped ...
Sunday, September 30, 2012 at 6:22am by rebecca potts

accounting
At the beginning of the year, Logan company's assets are $200,000 and its equity is $150,000. during the year, assets increase $70,000 and liabilities increase $30,000. What is the equity at the end of the year?
Tuesday, August 16, 2011 at 5:44pm by Diana

math
Say i have a mortgage of 200,000. One bank offers 5.oo%. The other offers 5.23% How do i calculate the interest paid over say 5 yrs. thanks You haven't given us enough information to calculate the interest. You need to know how much you're paying each year on your mortgage. ...
Thursday, August 3, 2006 at 7:26pm by jason

Quantitative analysis
Interest only loan (3 marks) Interest only loans are loans where the borrower pays interest on the original principal to the lender and repays the entire amount of the loan (i.e., the original principal) at the end of the term. Assume the couple secure an interest only loan ...
Wednesday, June 2, 2010 at 10:52am by p

finance (1 of 3)
Under normal conditions (70% probability), Financing Plan A will produce $24,000 higher return than Plan B. Under tight money conditions (30% probability), Plan A will produce $40,000 less than Plan B. What is the expected value of return for Plan A over Plan B? 0.7*24,000 + 0...
Thursday, July 24, 2008 at 8:21pm by drwls

Math
Kandace have been approved for a $250,000, 30 year mortgage with an APR of 4.5%. What is their monthly payment rounded to the nearest dollar?
Wednesday, December 12, 2012 at 12:00am by Jamal

Math
Kandace have been approved for a $250,000, 30 year mortgage with an APR of 4.5%. What is their monthly payment rounded to the nearest dollar?
Wednesday, December 12, 2012 at 11:55am by Jamal

Math
For the simple loan what is the interest rate paid for 9 months? Interest paid = .08(9/12)(12,000) = 720 r = what you paid/what you got = 720/12,000 = .06 what is the real interest rate on the discounted loan? Well, how much is the nominal interest paid? I = .07 * (9/12)(12,...
Saturday, December 8, 2012 at 7:56pm by Damon

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