(d) You take out a 30-year fixed loan with an APR of 4.45%. We will be ignoring the property taxes and insurance costs for now, what will your monthly mortgage payment be? Hint: do not round any intermediate calculations. Round your final answer to 2 decimals. Use your information from Question 1b. Hint: setup the equation and declare your variables, then plug everything into your calculator to solve it. (e) Now find how much total money you will pay for the mortgage over 30 years. (f) How much interest are you paying on the mortgage over 30 years?

(d) You take out a 30-year fixed loan with an APR of 4.45%. We will be ignoring the property taxes and insurance costs for now, what will your monthly mortgage payment be? Hint: do not round any intermediate calculations. Round your final answer to 2 decimals. Use your information from Question 1b. Hint: setup the equation and declare your variables, then plug everything into your calculator to solve it. (e) Now find how much total money you will pay for the mortgage over 30 years. (f) How much interest are you paying on the mortgage over 30 years?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Data Section - PROVIDED BY THE CLIENT Unit Sales Sales are expected to increase by 5% every month. The total sales for the Fiscal Year 2022 is 15% higher than the total sales for 2021. April May 15,000 10,000 June 16,000 July August September 14,000 15,000 Fixed Assets Cost 12,000 Land 150,000.00 Building 205,000.00 10 year depreciation, bought on May 31, 2021, Work Ethics Gen. Mdse uses the Declining Balance Method collections from customers: Office Equipment 100,000.00 20% are acquired on May 31, 2021 Cash $8.000 20% are acquired on August 31, 2021 Accounts receivable 107,800 20% are acquired on October 31, 2021 Merchandise inventory 52,800 20% are acquired on December 31, 2021 530,000 $698,600 Fixed assets (net) 20% are acquired on March 31, 2021 Total assets Use the Straight Line Method (5 years) Machinery 75.000.00 5 year Accounts payable (merchandise) Loans Payable Owner's equity Total liabilities & equity $74,800 $400,000 5 year loan, 12% interest taken out on May 31, 2021, paid…
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