The price of a home is $120,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30-year fixed-rate mortgage at
7%.
a. Find the required down payment.
$
b. Find the amount of the mortgage.
$
c. How much must be paid for the three points at closing?
$
(Round to the nearest dollar as needed.)
d. Find the monthly payment (excluding escrowed taxes and insurance).
$
(Round to the nearest dollar as needed.)
e. Find the total cost of interest over 30 years.
$
(Round to the nearest dollar as needed.)
In: Finance
What are the applications of 8051 microcontrollers that can be done on EdSim51? List down at least 5.
In: Computer Science
A tower worker at the top of a wind turbine tower is letting down a small broken part of mass 4.3 kg tied to a practically massless rope.
The top of the tower is 14.4m above the ground, and the wind is blowing at 6.3 m/s at the top of the tower and decreases linearly with height to 1.7 m/s at the ground.
She is letting the rope slide thru her leather gloves at a rate of 0.30 m/s, and the friction between the rope and her gloves is making the gloves warm. What power is being
dissipated as heat where rope is sliding on the gloves?
In: Physics
What determines the value of a bond? Write down the formula for determining the price of the bond and explain it briefly.
In: Finance
Ms. Towne is buying a home for $350,000 and is putting down 20% cash on the purchase. She is financing the rest with a 25 year fixed rate 5.75% mortgage, but is considering a bi-weekly repayment option.
How much interest would the bi-weekly option allow her to save and how long would it take her to pay off the loan with this option?
a) $45,763; 21.8 years
b) $44,330; 21.14 years
c) $49,321; 13.27 years
d) $37,901; 22.23 years
In: Finance
What is the direction of the fiber / muscle contraction: ( LEFT, RIGHT, UP, OR DOWN )
In: Anatomy and Physiology
You are buying a car for $25,000. You will put no money down and get a loan for the full purchase price. The bank offers you the following loan terms: APR 8% (Annual percentage rate), 3 year loan with quarterly payments.
In: Finance
The price of a new car is $16,000. 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 36 months? Over a period of 72 months?
| 36 months | $ |
| 72 months | $ |
(b) What will the interest charges be if she elects the 36-month
plan? The 72-month plan?
| 36-month plan | $ |
| 72-month plan | $ |
In: Advanced Math
In: Chemistry
The Big Picture Tie-down Pretend – The shoe is on the other foot – you are an “eMarketing and web development partner” that has been selected by the marketing management team (of a madeup company make one up.) to create and launch a new website. You are NOT the marketing manager in this scenario. List at least 10 questions you would want or need to ask in order in order to get your assignment accomplished, and explain why each of the questions is important to you (as the developer).
500 words or more NO SCREEN SHOTS OR IMAGES OF RESPONSE. PLEASE TYPE YOUR ANSWER OR UPLOAD DOCUMENT IF REQUIREMENTS MENTIONED ABOVE ARE NOT MET I WILL GIVE A NEGATIVE RATING
In: Operations Management