The price of a home is $240 000. The bank requires a 15% down payment. The buyer is offered two mortgage options: 15-year fixed at 8.5% or 30-year fixed at 8.5%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 15-year option? Use the following formula to determine the regular payment amount. Find the monthly payment for the 15-year option. $ nothing (Round to the nearest dollar as needed.) Find the monthly payment for the 30-year option. $ nothing (Round to the nearest dollar as needed.) Calculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 15-year option? $ nothing (Use the answers from parts 1 and 2 to find this answer.)
In: Finance
This is a physical chemistry question.
Write down for yourself the secular determinant for the hypothetical molecule linear H3 making the Huckel approximation, using the 1s atomic orbitals from each atom as the basis set. Given that α=-2.00 eV and β= -2 eV, what is the total electronic energy in eV?
In: Chemistry
In: Biology
The price of a new car is $32,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 7%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 48 months?
Over a period of 72 months?
48 months $
72 months $
(b) What will the interest charges be if she elects the 48-month plan? The 72-month plan?
48-month plan $
72-month plan $
In: Finance
Suppose ?(?, ?) = ?3?
a) (3 pts) Write down the formula and calculate the marginal rate of substitution (MRS) of X for Y.
b) (1 pts) Denote the price for good X is ? , the price for good Y is ? , and income is I.?? Write down the budget constraint.
c) (5 pts) Derive the individual demand for good X and good Y as a function of prices and income. (hint: solve the utility maximization problem)
d) (2 pts) Explain the following statement: Individual demand function is homogeneous of degree 0 with respect to prices and income.
e) (2 pts) Verify the homogeneity property with your demand functions derived in part d).
f) (4 pts) Now suppose ? = 3, ? = 4, ? = 100. Find the optimal consumption bundle. ??
g) (2 pts) Show whether or not the consumer can afford the bundle (15, 20).
h) (2 pts) What is the maximum utility level?
In: Economics
2. Ted and Jane are buying a house for $280,000. They will make a 25% down payment. They will be able to obtain a loan at 8.5% per annum interest. What will be their annual payment if their loan is for 15 years? 25 years? What will be the monthly payment if their loan is for 15 years? 30 years?
The correct answers are below, I just need to know how to solve using a financial calculator
2. 25,288.3, 20,519.45, 2,067.95, 1,614.72
In: Finance
E. coli are able to break down lactose when present, and this is regulated by the lac Operon. Describe the mechanisms for the positive and negative control of this operon, and briefly discuss the advantages of both forms of control for this operon.
In: Biology
In: Advanced Math
Using Behavorial VHDL, design a 4-bit up/down counter.
In: Electrical Engineering
A car is traveling down the expressway at 31.7 ? with no acceleration. How far has the car? traveled in 3.9 hours? If the speed limit in such expressway is 70mph, should the driver receive a speed ticket?
A car is traveling down the same expressway as in the previous problem, it is traveling at 22.3 7 ?. If it constantly accelerates at a rate of 4.3 ?, in how many minutes is it going to pass the speed limit.
In: Physics