Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

1. Take a loan 250,000 interest rate is 5% APR but compounded and paid monthly.

ID: 2753665 • Letter: 1

Question

1. Take a loan 250,000 interest rate is 5% APR but compounded and paid monthly. Take a 30 year mortgage. What is your monthly payment?
2. Currently owe $100,000 on your home. Mortgage monthly payment is 1050 and APR 4%. What is the coming month interest and what is the principal?
3. You believe a portfolio has normally distributed returns with expected value of 15% and standard deciation of 10%. Tbis next year you believe that approximately 68% of possible returns Are within _____ 5 and 25% -5 and 35% Precisely 15% 10 and 15 % 10 and 20% 1. Take a loan 250,000 interest rate is 5% APR but compounded and paid monthly. Take a 30 year mortgage. What is your monthly payment?
2. Currently owe $100,000 on your home. Mortgage monthly payment is 1050 and APR 4%. What is the coming month interest and what is the principal?
3. You believe a portfolio has normally distributed returns with expected value of 15% and standard deciation of 10%. Tbis next year you believe that approximately 68% of possible returns Are within _____ 5 and 25% -5 and 35% Precisely 15% 10 and 15 % 10 and 20%
2. Currently owe $100,000 on your home. Mortgage monthly payment is 1050 and APR 4%. What is the coming month interest and what is the principal?
3. You believe a portfolio has normally distributed returns with expected value of 15% and standard deciation of 10%. Tbis next year you believe that approximately 68% of possible returns Are within _____ 5 and 25% -5 and 35% Precisely 15% 10 and 15 % 10 and 20%

Explanation / Answer

1. Monthly payment = interest /12 * principal amount * (1 + interest /12)number of payment

(1 + interest/12)number of payment - 1

= 0.0042 * 250000 * (1+0.0042)30year * 12month

(1 + 0.0042)30 year * 12 month - 1

= 0.0042 * 250000 * (1.0042)360 / (1.0042)360 - 1

= 4746 / 4.52-1

= 4746 / 3.52

= $1348.30

Related Questions

1. T F The data type supported by the LC-3 ISA is 1\'s complement integers. 2. T
Question #3836384
1. T F The focal length of a concave mirror is positive 2. T F The focal length
Question #2120825
1. T F When RBC are broken down, the Hb is recycled intact into a new RBC. 2. T
Question #3481753
1. T ake the following accounts and place them in the appropriate Financial Stat
Question #2368558
1. T has a tax base of $30,000 and pays a tax of $2,500 on the first $25,000 and
Question #2550304
1. T he world producer price for baseballs is $24 per dozen, and almost all of t
Question #1109715
1. T is a variable which stands for _____ when working with simple harmonic osci
Question #2097381
1. T is a variable which stands for _____ when working with simple harmonic osci
Question #2097382

Navigate

Previous
1. Take a critical look at three GUI applications you have used-for example, a s
Next
1. Take a look at an analogous process that is performed continuously to produce

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.