A home is purchased for $169050. The homeowner pays $33810 down and finances the balance for 25 years at 7.25% compounded monthly.
a. Find the size of the payments rounded up to the next cent. $
b. How much of the first payment is interest? $
c. How much is still owed on the loan just after 140 payments. $
d. What is the owner's equity after 140 payments? $
e. How much is owed just before the 140 payment is actually made? $
In: Finance
A home is purchased for $134550. The homeowner pays $26910 down
and finances the balance for 20 years at 8% compounded
monthly.
a. Find the size of the payments rounded up to the
next cent.
I calculated it to be 900.34, but it is wrong.
b. How much is owed just before the 95 payment is actually
made?
I calculated it to be 23778.88 but it's also wrong.
Just after 95 payments are made, the loan is refinanced at 6.5%
compounded monthly.
c. If the duration of the original loan remains the same, find the
size of the new payments rounded up to the next cent.
d. If money is worth 5.25% compounded monthly to the homeowner,
what is the present value of the savings in interest at the time of
refinancing?
e. If the homeowner continues with the original payments, find the
number of full payments required to pay off the
loan.
full payments
f. Find the size of the smaller concluding payment at the end of
the next month.
In: Finance
The periodic table is broken down into rows and blocks such as the s, p, d and f blocks. Each block has different properties associated with them. It has been hypothesized that we could eventually reach a “g” block if enough elements were created.Hypothesize what kinds of properties a “g” block element would have. Would it be stable? Radioactive? What would its radius be like? Please explain your reasoning in 200 - 250 words.
In: Chemistry
a cart with a mass of 100 kg is traveling down a 5% grade. the coefficient of drag of the area is Cd = 0.05 based on a frontal area of 0.6 m^2. coefficient of friction for the wheels is mu = 0.0062. Find terminal velocity? assuming started at a standstill find distance to get to terminal velocity?
In: Physics
What are the events in the cell cycle? Can you break it down as far as possible into individual steps? Everything Ive read online has been very general
In: Biology
3. A ball rolls up and then back down an incline.Take the x direction to be upward along the incline, y to be perpendicular to the incline, and the origin to be at the bottom of the incline.
(a) Is it possible for an object to have a negative acceleration and yet be speeding up? If so, give an example; if not, explain why not.
(b) Is the ball’s velocity ever zero? If so, when?(c) Is the ball’s acceleration ever zero? If so, when?
(d) Sketch three graphs, showing (i) the x component of the ball’s acceleration as a function of time; (ii) the x component of the ball’s velocity as a function of time; and (iii) the ball’s x coordinate as a function of time.
In: Physics
7. In the short run, firms are expected to shut down if the price they receive is less than their AVC. In the long run, firms are expected to exit if the price they receive is less than their ATC. Explain why this difference occurs.
In: Economics
When is it optimal for a firm to shut down? Explain the circumstances and time horizon relating to this decision.
Can you please explain in detail
In: Economics
Write down the thin lens equation and state the approximates made to obtain it.
In: Physics
In: Accounting