What is the future worth (in Year 10) of $23,000 deposited at the end of Year 3 plus $28,000 deposited at the end of Year 5, and $20,000 deposited at the end of Year 8 at an interest rate of 5% per year?

Answer please with correct option

Which of the following information is required to calculate the interest par dier for a closing? A) The monthly payment amount B) The term of the loan C) The interest rate D) The amount of the escrow

Lorna owns a home that is worth $385,000. She has a mortgage with a balance of $112,000. Calculate her equity in the home. $497,000 $76,000 $273,000 $245,000

In the prospectus for the Brazos Aggressive Growth fund, the fee table indicates that the fund has a 12b-1 fee of 0.35 percent and an expense ratio of 1.55 percent that is collected once a year on December 1. Joan and Don Norwood have shares valued at $114,500 on December 1. What is the amount of the 12b-1 fee this year? What is the amount they will pay for expenses this year?

Saving Plan Options An insurance company offers a saving plan that has two options for the insured to withdraw money after maturity. Option A consists of a guaranteed payment of £1500 at the end of each month for 15 years. Alternatively, under option B, the insured receives a lump-sum payment equal to the present value of the payments described under option A. (a) Find the sum of the payments under option A. (b) Find the lump-sum payment under option B if it is determined by using an interest rate of 2.25% compounded monthly. Round the answer to the nearest pound. C. Which option is better? Why?

Searay 380 Inc. (Searay) is a competitor of Formula 400 SS Inc. The company has changed from ASPE to IFRS, and the year-end is December 31. To expand the company, on January 1st, 2024, they purchased a new property for a lump sum price of $45 million; 30 million for the land and 15 million for the building. The building was estimated to have a useful life of 20 years and uses the straight-line depreciation method. On December 31, 2027, before recording depreciation, Searay evaluated its assets for impairment. The fair value less costs of disposal of the land was determined to be $27 million and value in use 25.2 million. The fair value less costs of disposal of the building was determined to be 9.2 million and value in use of 8.9 million. The company CFO, Vanceless Nominee Jr. needs to calculate the depreciation for 2024 to 2026. Then determine if any the amount of impairment loss for December 31, 2027. Also do not forget to calculate depreciation expense for 2027.

A borrower took out a $1,450,000 30-year fully amortizing conforming adjustable rate mortgage loan with an index of the one year U.S. Treasury and a 2.5% margin from the Wells Fargo Bank to buy a condo in Park City, Utah. The loan has a teaser rate of 1.5% for the first year, after which the interest rate resets annually with 2% annual and 6% lifetime interest rate increase caps, and the lender charges a one point loan origination fee and an additional $540 in closing costs to the borrower that are deducted from the loan proceeds at closing. On the first reset date, the one year U.S. Treasury rate was 4.75%. What would be the monthly payment for the second loan year? $6,511.15 $5,004.25 $6,337.97 $6,461.99

Mary is trying to qualify for a home loan but her lender tells her that her debt-to-income ratio is too high for FHA standards. What can Mary do to qualify for an FHA loan? О Transfer some of her existing debt to one or more credit cards. О Take out an equity line of credit to pay for the down payment. О Pay off one or more of her existing loans, such as a car loan or credit card debt. Decrease her credit score.

Nippon Steel's expenses for heating and cooling a large manufacturing facility are expected to increase according to an arithmetic gradient beginning in year 2. If the cost is $550,000 this year (year 0) and will be $550,000 again in year 1, but then it is estimated to increase by $45,000 each year through year 12, what is the equivalent annual worth in years 1 to 12 of these energy costs at an interest rate of 11% per year? The equivalent annual worth is determined to be $