finance, just number 6 please, the soooner the better thank you!! Robert and Reb
ID: 2777849 • Letter: F
Question
finance, just number 6 please, the soooner the better thank you!! Robert and Rebecca Richardson have just signed a 20-ycar, 6% fixed rate mortgage for $450,000 to buy their house. Find out this couple's monthly mortgage payment; prepare a Joan amortization schedule for Richardson's for the first 2 months; find out how much of their payments applied to interest; and after 2 payments, how much of their principal will be reduced (You may construct a loan amortization schedule, and show your calculations). Using the DuPont method, evaluate the effects of the following relationships for the Star corporation. Star Corporation has a profit margin of 6 percent and its return on assets percent. What is its assets turnover ratio? If star Corporation has a debt-total -assets ratio of 60 percent, what would the firm's return on equity be? XYZ Chocolate Company has $580,000 of 4% bonds outstanding along with20,000 shares of preferred stocks which pays 1.4% annual divided; and 50,000 shares of common stock. Assuming the firm has a 40% combined federal and state tax rates, compute the earning are (EPS) for an EBIT of $723,200.Explanation / Answer
Loan amount $450,000.00 Rate 0.005 Period 240 Monthly Payment $3,223.94 Month Beginning Monthly Payment Interest Principal Ending 1 450,000.00 3,223.94 2,250.00 973.94 449,026.06 2 449,026.06 3,223.94 2,245.13 978.81 448,047.25
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