The interest rate for the first five years of a $34,000 mortgage loan was 3.95% compounded semiannually. The monthly payments computed for a 10-year amortization were rounded to the next higher $10. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. Calculate the principal balance at the end of the first term. Principal balance $ b. Upon renewal at 6.45% compounded semiannually, monthly payments were calculated for a five-year amortization and again rounded up to the next $10. What will be the amount of the last payment? Final payment $

What is the APR on a $700,000 fixed rate mortgage loan fully amortizing over 30 years if the stated annual interest rate is 5.5% and the lender charges 1.5% as an origination fee, $750 for an appraisal and $18 for a credit report? a.5.65% b.5.72% c.5.36% d. 5.5%

Sonia wich to esatablish  a trust fund from which her son can withdraw $6,000 every six months for 15 years, when he reach 16 years old. At the end of which time he wil recevie the remaining  money in the trust, which  you would  like to be $25,000. The trust will be invested at 6% per annum componded semi-annually. How large should the trust be?

Education and work help? 1.Write about how you believe this influence has affected your life. 2. Write about how this same influence has been impacted by your race. 3.Write about how this same influence has been impacted by your ethnicity.

Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $180,000, r = 3%, t = 2 1/4, compounded monthly A = $

uestion The company's bank won't lend it any more money than it already has, and investment bankers have said that debentures are out of the question. The treasurer has asked you to do some research and suggest a few ways in which bonds might be made attractive enough to allow the company to borrow. Explain how to secure the bonds with owned assets in great detial. In what ways does it make the bonds more attractive to allow  the company to borrow?

The difference between expected payoff under certainty and expected payoff under risk is the expected: O A. value of perfect information OB. rate of return OC. monetary value D.net present value O E. profit

An annuity pays $25,000 semiannually (every 6 months) for 12 years. An alternative investment’s APR is 10% with quarterly compounding. What is the value of this annuity?

9.3 Consider another set of net cash flows: Year Cash Flow ($) 0 2,000 1 2,000 2 0 3 1,500 4 2,500 5 4,000       What is the net present value of the stream if the opportunity cost of capital is 10 percent? What is the value of the stream at the end of year 5 if the cash flows are invested in an account that pays 10 percent annually? What cash flow today (time 0), in lieu of the $2,000 cash flow, would be needed to accumulate $20,000 at the end of year 5? (Assume that the cash flows for years 1 through 5 remain the same.)

Explain in detail the similarities and differences between the following types of annuities:   a.SPIA b.SPDA c.FPDA d.Why no FPIA?