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iren2701 [21]
3 years ago
14

Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.

Mortgages are the reverse of annuities, because you get a lump-sum amount as a loan in the beginning and then you make monthly payments to the lender.
You've decided to buy a house that is valued at $1 million. You have $500,000 to use as a down payment on the house, and want to take out a mortgage for the remainder of the purchase price. Your bank has approved your $500,000 mortgage, and is offering a standard 30-year mortgage at a 12% fixed nominal interest rate called the loan's annual percentage rate or APR). Under this loan proposal, your mortgage payment will be _____ per month.

a) $6,428.83
b) $5,143.06
c) $7,971.74
d) $6,943.13
Business
1 answer:
Marianna [84]3 years ago
4 0

Answer: b

Explanation:

500 000*12% = 60 000\12

5000

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3 years ago
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00, which is a dollar above the
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The most likely result of this price control would be that the <span>demand for bread will fall, which could result in an excess supply. his excess supply in the market would ultimately force the hand of the manufacturers to stop the production of bread. I hope that this is the answer that has come to your help.</span>
3 0
3 years ago
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The paying of a fee to use another firm�s name, resources, and operating systems is called __________.
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Franchising is the practice of paying a company to use its name, resources and operation systems.
7 0
3 years ago
A stock has an expected return of 11 percent, its beta is 1.20, and the risk-free rate is 4.4 percent. What must the expected re
Drupady [299]

Answer:

Expected market return = 9.8%

Explanation:

The expected return on the market can be worked out using the Capital Asset Pricing Model.

<em>The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta. </em>

Under CAPM, Ke= Rf + β(Rm-Rf)

Rf-risk-free rate (treasury bill rate)- 4.4%

β= Beta - 1.20

Rm= Return on market.- ?

Applying this model, we have

11%= 4.4%+ (R-4.4%)×1.20

0.11-0.044= 1.20×(R-0.04)

0.07 = 1.20R-0.048

Collect like terms

0.07+0.048 = 1.2R

Divide both sides by 1.20

R= (0.07+0.048)/1.20

R=9.83%

Expected market return = 9.8%

3 0
3 years ago
A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 1
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Answer:

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Hope this helps!

Mark me as Brainlineast.

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3 years ago
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