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Rasek [7]
4 years ago
6

A 3/1 ARM is made for $150,000 at 7% with a 30 year maturity. Assuming that fixed payments are to be made monthly for three year

s and that the loan is fully amortizing, what will be the monthly payments?
Business
1 answer:
sveticcg [70]4 years ago
8 0

Answer:

Monthly paymenty for  $ 997.954

Explanation:

We have to calcualte for the PTM of the mortgage for the first three years at which the rate is fixed:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV $150,000

time 360 (30 years x 12 months)

rate 0.005833333 (7% annual / 12 months)

150000 \div \frac{1-(1+0.005833)^{-360} }{0.005833} = C\\

C  $ 997.954

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An investment project has an initial cost of $382 and cash flows $105, $130, $150, and $150 for Years 1 to 4, respectively. The
Ipatiy [6.2K]

Answer:

3.57 years

Explanation:

The discounted payback period calculates how long it takes for the amount invested in a project to be recovered from the cumulative discounted cash flows.

Explanation on how the answer was derived can be found in the attached image.

I hope my answer helps you

8 0
4 years ago
Which of the following is one of the goals of the American Marketing​ Association? A. To promote the use of a utilitarian approa
Gnoma [55]

Answer:

The correct answer is letter "D": To promote high standards of ethical norms and values.

Explanation:

The American Marketing​ Association (<em>AMA</em>) is a professional association for marketing experts. The AMA is committed to promoting its members -practitioners, academics, and students- to the highest standard of professional ethical norms and values to be used in the organizational field and society.

7 0
3 years ago
When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________. Qu
Viefleur [7K]

When consumers and businesses have greater confidence that they will be able to repay in the future, <u>the quantity demanded of financial capital at any given interest rate will shift to the right.</u>

6 0
3 years ago
What is martin suarez current physical address
pashok25 [27]

Answer:174 SE Naranja Ave, Port Saint Lucie, FL ; 38 Maple St, Fitchburg, MA ; 461 SE Thornhill Dr, Port Saint Lucie, FL

Explanation:

3 0
3 years ago
Read 2 more answers
ole Company’s stock currently sells for $20 per share. It just paid dividends of $1.00 per share. The dividend is expected to gr
Montano1993 [528]

Answer:

The required rate of return is 11%

Explanation:

Dividend valuation method calculated the value of stock based on dividend payment, growth rate and required rate of return.

Use following formula to calculate the the required rate of return

Price =  Dividend / ( Required Rate of return - Growth rate )

20 =  $1 / ( Required Rate of return - 6% )

20 =  $1 / ( Required Rate of return - 0.06 )

Required Rate of return - 0.06 = $1 / $20

Required Rate of return - 0.06 = 0.05

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Required Rate of return = 11%

3 0
4 years ago
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