[Solved] What is the monthly payment if a loan is

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

What is the monthly payment if a loan is for $430,000 for 12 years? What is the monthly payment if a loan is for $1,250,000

What is the monthly payment if a loan is for $430,000 for 12 years?

What is the monthly payment if a loan is for $1,250,000 for 31 years?

APR is 8.85% if you need

Please and thank you

Straight bank loan. Right Bank offers EAR loans of 9.22% and requires a monthly payment on all loans

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

If Youre So Smart Why Arent You Rich A Guide To Investing Fundamentals

Authors: Ben S. Branch

1st Edition

ISBN: 0275990281, 978-0275990282

More Books

Students also viewed these Finance questions

Question

★★★★★

A baseball bat balances 71.1 cm from one end. If a 0.560-kg glove is attached to that end, the balance point moves 24.7 cm toward the glove. Find the mass of the bat.

Answered: 1 week ago

Question

★★★★★

Please provide detailed answer in organized manner, preferably Excel Sheet (i.e. Not Hand Written) A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a...

Answered: 1 week ago

Question

★★★★★

8. Do you agree that, in its final form, communication is a manifestation of the personalities of both the sender and the receiver? Discuss.

Answered: 1 week ago

Question

★★★★★

OBrien Company manufactures and sells one product. The following information pertains to each of the companys first three years of operations: Variable costs per unit: Manufacturing: Direct materials...

Answered: 1 week ago

Question

★★★★★

What is the monthly payment if a loan is for $430,000 for 12 years? What is the monthly payment if a loan is for $1,250,000 for 31 years? APR is 8.85% if you need Please and thank you Straight bank...

Answered: 1 week ago

Question

★★★★★

Which of the following are considered inherent or concurrent powers available to federal, state, and local governments? the authority to make and implement policy the authority to raise money the...

Answered: 1 week ago

Question

★★★★★

Jessica purchased 200 shares of stock at $38 using her 70% margin account. Her maintenance margin is 40%. Jessica has no other securities in her account. At what price will she receive a margin call?...

Answered: 1 week ago

Question

★★★★★

QUESTION 35 A study is run to estimate the prevalence of a disease in men and women over the age of 60. The data are summarized below. Using this data, compute the relative risk of the disease...

Answered: 1 week ago

Question

★★★★★

Describe a simple human factors study design with one independent variable and one dependent variable. Do not use any example from the book or videos. The dependent variable should be related to...

Answered: 1 week ago

Question

★★★★★

Hello I need help with this question please and give me correct answer and explanation thank you 14. Jin's entries in his journal show the following:" $28 for purchase of paper and supplies $132...

Answered: 1 week ago

Question

★★★★★

Suppose that a learning algorithm is trying to find a consistent hypothesis when the classifications of examples are actually random. There are n Boolean attributes, and examples are drawn uniformly...

Answered: 1 week ago

Previous Question Next Question