Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

A house costs $143,000. It is to be paid off in exactly ten years, with monthly payments of $1,645.65. What is the APR of this

image text in transcribed

A house costs $143,000. It is to be paid off in exactly ten years, with monthly payments of $1,645.65. What is the APR of this loan? A. 5.8% B. 7.8% C. 4.8% D. 6.8% the interest rate is 7% per year? A. $393 B. $628 C. $471 D. $196 the sale, once the mortgage is paid off? A. $101,981 B. $72,843 C. $58,275 D. $145,687

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Routledge Handbook Of Responsible Investment

The Routledge Handbook Of Responsible Investment

Authors: Tessa Hebb, James Hawley, Andreas Hoepner, Agnes Neher, David Wood

1st Edition

0415624517, 978-0415624510

More Books

Students also viewed these Finance questions

Question

★★★★★

Suppose that there is limited commitment in the credit market, but lenders are uncertain about the value of collateral. Each consumer has a quantity of collateral H, but from the point of view of...

Answered: 1 week ago

Question

★★★★★

write the soution to the following problem in java Problem Statement The phrases even keeled, odd job, and total eclipse might come to mind as you solve this APT. Given an array of int values, return...

Answered: 1 week ago

Question

★★★★★

=+1. Consider and list all the forms of media that you use on a daily basis. Next to ea form of media, indicate what the primary uses are of that media. Do the people you know use the same forms of...

Answered: 1 week ago

Question

★★★★★

Below is a summarized cash flow statement of Thomson Reuters Corporation, the international provider of information. The amounts exclude interest paid and received and dividends paid during 2010 and...

Answered: 1 week ago

Question

★★★★★

A house costs $143,000. It is to be paid off in exactly ten years, with monthly payments of $1,645.65. What is the APR of this loan? A. 5.8% B. 7.8% C. 4.8% D. 6.8% the interest rate is 7% per year?...

Answered: 1 week ago

Question

★★★★★

Minico Inc. expects sales of $253,000 next year. The profit margin is 7% and the firm has a 20 percent dividend payout ratio. What is the projected increase in retained earnings? Select one: a....

Answered: 1 week ago

Question

★★★★★

7. Using the stress strain curve below, determine the following (21) Property Young's Modulus (4) Value Yield Strength (3) Ultimate Tensile Strength (2) Total Strain at Failure (2) Plastic Strain at...

Answered: 1 week ago

Question

★★★★★

Janie is a seventh grader who has taken al poll on how much time each student in her class spends watching television. She would like to input the information and subsequently create a chart. What...

Answered: 1 week ago

Question

★★★★★

Assignment 1 (10%) This assignment relates to the following Course Learning Requirements: CLR 1: Discuss the development of management and the challenges, skills, and attributes of managers CLR 3:...

Answered: 1 week ago

Question

★★★★★

Case Study 11.3: Walmart de Mexico In 2018 the OECD Working Group on Bribery completed its Phase 4 evaluation of Mexico's implementation of the convention. According to the report, Mexico needs to...

Answered: 1 week ago

Question

★★★★★

Assuming the average Earth Radius R E = 6378 km : The question I have are below: A Falcon 9 launched from Cape Canaveral ( 28 N Latitude ) delivers a satellite directly ( i initial = 28 ) into a...

Answered: 1 week ago

Question

★★★★★

(Appendices) PURCHASES RECORDED GROSS. Dawson Enterprises uses the periodic system and records purchases gross. On a recent day, Dawson engaged in the following three transactions: LO2 a) Purchased...

Answered: 1 week ago

Question

★★★★★

(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: CREDIT SALES METHOD. Bradford ~Plumbing had the following data for a recent year. LO8 REQUIRED: 1. Compute uncollectible account expense for the year. 2....

Answered: 1 week ago

Question

★★★★★

(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: AGING METHOD. Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year: LO6

Answered: 1 week ago

Previous Question Next Question