Business, 08.07.2021 15:40 yah2muchh

A house is purchased for $200,000 and a 20% down payment is made. The balance is financed by a 30 year adjustable rate mortgage with monthly payments. The initial interest rate is 12% per annum, compounded monthly. Just after the 240th payment, the interest rate is increased to 14% compounded monthly. The payments remain at the original amount until a final smaller payment fully repays the loan. What is the total number of monthly mortgage payments made over the life of the loan, including the final smaller payment?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:00, whitakers87

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Answers: 2

continue

Business, 22.06.2019 18:10, maddihamidou

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?

Answers: 1

continue

Business, 22.06.2019 21:20, marvinsductant6710

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?

Answers: 1

continue

Business, 22.06.2019 22:10, jakemendes1

Which of the following is usually not one of the top considerations in choosing a country for a facility location? a. availability of labor and labor productivityb. attitude of governmental unitsc. location of marketsd. zoning regulationse. exchange rates

Answers: 1

continue

You know the right answer?

A house is purchased for $200,000 and a 20% down payment is made. The balance is financed by a 30 ye...