Ask Experts Questions for FREE Help !
Ask
    aaulshotmail's Avatar
    aaulshotmail Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 13, 2011, 09:40 PM
    Finance
    The price of a small cabin is $30000. The bank requires a 5% down payment. The buyer is offered two mortgage options. 20-year fixed at 7% or 30 year fixed at 7%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20 year option

Check out some similar questions!

Finance [ 2 Answers ]

As a financial officer, you must determine which project your company should accept. The projects are mutually exclusive and the net present value (NPV) calculations for each take into account the project’s risk. Indicate which project (A or B) you would recommend and explain your reasons for this...

Finance [ 3 Answers ]

Vitale Hair Spray had sales of 8,000 units in March. A 50 percent increase is expected in April. The company will maintain 5 percent of expected unit sales for April in ending inventory. Beginning inventory for April was 400 units. How many units should the company produce in April?

Finance [ 1 Answers ]

My question has four part answer: Murdock Paints is in the process of evaluating two mutually exclusive additions to its processing capacity. The firms financial analysts have developed pessimistic, most likely, and optimistic estimates of the annual cash inflows associated with each project....


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.