finance

posted by .

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?

  • finance -

    PepsiCo consolidated balance sheet financial accounting, current assets, liabilities and total assets for 2004-2005 still cant figure how to do this vertical analysis and horizontal analysis

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. 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?
  2. 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?
  3. 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 …
  4. 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?
  5. 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?
  6. 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?
  7. 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?
  8. Math

    Shantle 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 payment for the next 30 years sounds like a huge commitment. They …
  9. finance

    You borrow $149,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30 years. Payments are made monthly. If you pay for the house according to the loan agreement, how much total interest will you pay?
  10. Corporate Finance

    You have just taken a 30-year mortgage loan for $200,000. The annual percentage rate on the loan is 8%, and payments will be made monthly. Estimate your monthly payments.

More Similar Questions