A borrower obtains a fully amortizing CPM loan for $125,000 at 6 percent interest for 10 years.
Question:
A borrower obtains a fully amortizing CPM loan for $125,000 at 6 percent interest for 10 years. What will be the monthly payment on the loan? If this loan had a maturity of 30 years, what would be the monthly payment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
A borrower makes a fully amortizing CPM mortgage loan Principal Interest Term 125...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
ISE Real Estate Finance And Investments
ISBN: 9781264892884
17th International Edition
Authors: Jeffrey Fisher William B. Brueggeman
Question Posted:
Students also viewed these Business questions
-
A borrower obtains a fully amortizing CPM loan for $125,000 at 11 percent interest for 10 years. What will be the monthly payment on the loan? If this loan had a maturity of 30 years, what would be...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A fully amortizing CPM loan is made for $400,000 at 4.8% for 25 years. (1) Calculate the monthly payment for the loan (2) Assume the borrow wants to prepay the loan at the end of 10 years. What is...
-
Quick Fix-it Corporation was organized in January 2011 to operate several car repair businesses in a large metropolitan area. The charter issued by the state authorized the following capital stock:...
-
What is a market segment profile? Why is it an important step in the target-market selection process?
-
Kaffen Company, a ski tuning and repair shop, opened on November 1, 2013. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the...
-
Traditional management theory was designed to provide control and structure to which types of organizations? A. Hospitals. B. Scientific laboratories. C. Manufacturing industry. D. Institutions of...
-
Sawyer Pharmaceuticalsmanufactures an over- the- counter allergy medication called Breathe. Sawyer is trying to win market share from Sudafed and Tylenol. The company has developed several different...
-
c. VEI has the following investment opportunities that are average-risk projects: Project Cost at t Rate of = 0 Return A $10,000 17.4% BCDE 20,000 16.0 10,000 14.2 20,000 13.2 10,000 12.0 Which...
-
A loan of $60,000 is due 10 years from today. The borrower wants to make annual payments at the end of each year into a sinking fund that will earn compound interest at an annual rate of 10 percent....
-
What are the major differences between the CAM, and CPM loans? What are the advantages to borrowers and risks to lenders for each? What elements do each of the loans have in common?
-
A new high-efficiency home heating system includes an air-to-air heat exchanger which uses energy from outgoing stale air to heat the fresh incoming air. If the outside ambient temperature is...
-
if x is the first, or smallest, of three consecutive integers, express the sum of the first interger and the third interger as an algebraic expression.
-
A number is 4 less than 5 times a second number. Their sum is 65. If x represents the second number, write equation to find the two numbers?
-
(a) Find the equivalent capacitance of the arrangement of capacitors shown below. (b) Determine the charge on each capacitor. 5F 2F + 25V 3F
-
Just after completing your degree at MU, you and a buddy decide to start your own business, Books R Us, selling your detailed notes from the courses you completed at school. You took 24 courses, and...
-
(a) Let A be an m x n matrix, where n,m> 2, and y R" such that Ay = 0. Then the columns of A are linearly dependent. (b) The following matrix has four linearly independent columns: -1 3 250-3-2 419-3...
-
In the United States, what environmental trends are supporting the development of Rover.coms business?
-
The trade-off theory relies on the threat of financial distress. But why should a public corporation ever have to land in financial distress? According to the theory, the firm should operate at the...
-
Discuss the relation of advertising objectives to marketing strategy planning and the kinds of advertising actually needed. Illustrate.
-
List several media that might be effective for reaching consumers in a developing nation with low per capita income and a high level of illiteracy. Briefly discuss the limitations and advantages of...
-
Give three examples where advertising to intermediaries might be necessary. What are the objective(s) of such advertising?
-
DeVault Services recently hired you as a consultant to help with its capital budgeting process. The company is considering a new project whose data are shown below. The equipment that would be used...
-
Journalizing And Posting Payroll Entries Cascade Company has four employees. All are paid on a monthly basis. The fiscal year of the business is June 1 to May 31. The accounts kept by Cascade include...
-
Ted Crilly, the controller for Craggy Manufacturing Co, is in the process of analysing the overhead costs for the month of October. He has gathered the following data for the month. Labor Direct...
Study smarter with the SolutionInn App