Q: Assignment Question 3.5 General finance
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Q: Correct answer with Explanation (General Finance)
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Q: None
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- If an insurance company sells a 150,000 life insurance policy for 600 premium per year and the probability of living out the year is .9965, what is the expected value to the insurance companyYou loan a friend $200 and are repaid $30 at the end of each month for the first 3 months and $120 at the end of the fourth month. What is your rate of return?You loan a friend $200 and are repaid $120 at the end of the first month and $30 at the end of each month for the next three months. What is your rate of return?
- Don't copy otherwise will report. A life insurance company will sell a 17-year annuity paying $1,200 at the end of each month for $110,000. What quarterly compounded nominal rate of interest with the annuitant earn?Find the monthly house payment necessary to amortize the following loan. 9) In order to purchase a home, a family borrows $121,000 at 3.0% for 30 yr. What is their monthly payment? Round the answer to the nearest cent.Karen and Mike pay $700 and $900 a year on seperate insurance. If they used same company save 10%. Whatsd the future annual savings over 10 years based on annual interest rate of 4%?
- If you net $14.25 per hour and work 40 hours a week, 4 weeks per month, and have monthly expenses of: rent $825.50, car payment $458.79, utilities $110, food $150, gas $105, phone $125.25, savings $225, and insurance $118.36, what do you have left to invest for your retirement?You'd like to purchase a house. You're monthly take home pay is $4560. You'd like to use one fourth of your take home pay for a house payment. You have $18500 for a down payment. You can get an APR of 4.35% compounded monthly. What is the total cost of a house you can afford with a 15 year mortgage?Suppose you borrow $10,000 from your parents to buy a car. You agree to pay $208 per month for 48 months. What is the monthly interest rate? Respuesta:
- Use the following information to answer the questions. Price of home to purchase- $300,000 Rate- 2.8% (15 year) 3.2% (30 year) Down Payment- $65,000 What would be your monthly payment on a 15 year loan, assuming $2,400 property taxes and $2,400 home insurance?You borrow $560,000 to purchase a home. The loan rate is 8.95% and must be repaid in 27 years. What is the monthly payment? 4,635 O 4,590 4,202 O 4,177You buy furniture for 5400. You pay 300 down the remainder is financed in 36 100 monthly payments. What is the APR?