Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 19. based on a partially amortizing $625,000 loan

19. Based on a partially amortizing $625,000 loan with a balloon payment of 20% what...

60.1K

Verified Solution

Question

Accounting

image
19. Based on a partially amortizing $625,000 loan with a balloon payment of 20% what are the monthly repayments with a term of 25 years and an interest rate of 4.85% a) $3,481.17 b) $3,384.63 c) $2,976.75 d) $3,599.28 20. How much would the total repayments differ between a fully amortizing 25 year loan for $500,000 at 6.55% and an identical loan repaid over 15 years? a) $139,477.56 b) $184,816.63 c) $289,110.40 d) $231,029.65

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Answer the following questions on the article: What are the main arguments in the article? What...

Biology
Q

Determine the domain of the function f x 5 x Choose the domain of f...

Basic Math
Q

Which of the following investments need not be tested for Multiple Choice FVOCl bond investments...

Accounting
Q

The following section is taken from Hardesty's balance sheet at December 31, 2019. ...

Accounting
Q

You have just won the state lottery and have two choices for collecting your winnings....

Accounting
Q

Satterlee Co. produces 11,000 scanners per week. If 1.6% of these are defective, how many...

Accounting
Q

the company received a bill for 3,800 of advertising, but will not pay it until...

Accounting
Q

Question 16 1 pts Best Plumbing Corporation provides plumbing services. Selected transactions of Best Plumbing...

Accounting
Q

D 2. Ashley projects that she can get $100,000 cash per year for 5 years...

Accounting
Q

A $1,000, 8%, Semi-Annual Callable Bond Matures December 2022. The Call Option states the bond...

Accounting
Q

Question 49 4 pts A lease has a term of 5 years with annual payments...

Finance
Q

P9-17 Comparing Investment Criteria (LO1, 2, 3, 5, 7] Consider the following two mutually exclusive...

Finance