FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 33 (1.5 points) 1) A 21-year mortgage is amortized by making payments of $3052.61 at the end of every three months. If interest is

image text in transcribed
Question 33 (1.5 points) 1) A 21-year mortgage is amortized by making payments of $3052.61 at the end of every three months. If interest is 8.45% compounded annually, what was the original mortgage balance? Os121 178.99 $125 178.36 $121 178.36 $122 178.36

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

Valuation, Measuring And Managing The Value Of Companies

Valuation, Measuring And Managing The Value Of Companies

Authors: Tim Koller, Marc Goedhart, David Wessels

7th Edition

1119611865, 9781119611868

More Books

Students also viewed these Finance questions

Question

★★★★★
In the diagram below, each circle represents a glycosyl unit. By the action of branching enzyme, show the most branched structure this molecule can assume. Indicate the reducing and nonreducing ends...

Answered: 1 week ago

Question

★★★★★
4.4. Argue from basic principles that T 0 W(t,)dW(t,) = 12 W(T,)2T by forming a partition over the time interval [0,T], approximating the integral as In() = n1 j=0 WjWj , and showing that these...

Answered: 1 week ago

Question

★★★★★
Using the Body Fat data set, (a) regress Density on the explanatory variables Height, Neck, Abdomen, Hip, Biceps, Forearm, and Wrist. (b) regress Density on the explanatory variables Height, Neck,...

Answered: 1 week ago

Question

★★★★★
Solkis Repair Shop was started on May 1 by Solki Lee. A summary of May transactions is presented below. 1. Invested $10,000 cash to start the repair shop. 2. Purchased equipment for $5,000 cash. 3....

Answered: 1 week ago

Question

★★★★★
help Sured Fletcher Company collected the following data regarding production of one of its products Compute the standard quantity allowed for the actual output Direct materials standard (6 lbs....

Answered: 1 week ago

Question

★★★★★
What are some of the types of WANs?

Answered: 1 week ago

Question

★★★★★
How does selection differ from recruitment ?

Answered: 1 week ago

Question

★★★★★
1. A man on a motorcycle is initially at point A At time t = 0, the man travels along the + path shown to point B. The amount of time required to complete each segment of the 2 set path is also...

Answered: 1 week ago

Question

★★★★★
A 6 m high pier rests on a 2 m x 2 m square footing at 1-5 m depth from the surface at a site having uniform clayey soils. The unconfined compressive strength of the clay is 100 kPa and its bulk unit...

Answered: 1 week ago

Question

★★★★★
As an analyst for FinCorp Inc., you are responsible for many firms, including ADFC. Currently you have a "hold" recommendation on ADFC.20 The current price of ADFC is $140. You have conducted an...

Answered: 1 week ago

Question

★★★★★
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An...

Answered: 1 week ago

Question

★★★★★
OUTCOME 1 Explain what performance management is and how the establishment of goals, ongoing performance feedback, and the evaluation process are part of it.

Answered: 1 week ago

Question

★★★★★
3. Give the trainer 10 to 15 minutes to train the group in making a paper airplane. The observer/recorder will keep notes of effective and ineffective training techniques (demonstrated learning...

Answered: 1 week ago

Question

★★★★★
OUTCOME 3 Compare the value of different types of employment tests and how their reliability and validity are assessed.

Answered: 1 week ago

Previous Question Next Question