subject
Business, 29.11.2019 02:31 josephaciaful

Five years ago, diane secured a bank loan of $340,000 to finance the purchase of a loft in the san francisco bay area. the term of the mortgage was 30 years, and the interest rate was 8% per year compounded monthly on the unpaid balance. because the interest rate for a conventional 30-year home mortgage has now dropped to 6% per year compounded monthly, diane is thinking of refinancing her property. (round your answers to the nearest cent.
(a) what is diane's current monthly mortgage payment? $
(b) what is diane's current outstanding balance? $
(c) if diane decides to refinance her property by securing a 30-year home mortgage loan in the amount of the current outstanding principal at the prevailing interest rate of 6% per year compounded monthly, what will be her monthly mortgage payment? use the rounded outstanding balance. $
(d) how much less would diane's monthly mortgage payment be if she refinances? use the rounded values from parts ()

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 00:30
Needs to schedule the staffing of the center. it is open from 8am until midnight. larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: time of dayminimum number of consultants required to be on duty8 am-noon4noon-4 pm84pm-8pm108pm-midnight6 two types of computer consultants can be hired: full-time and part-time. the full- time consultants work for eight consecutive hours in any of the shifts: morning (8am- 4pm), afternoon (noon-8pm) and evening (4pm-midnight). full-time consultants are paid $14 per hour. part-time consultants can be hired to work any of the four shifts listed in the table. part-time consultants are paid $12 per hour. an additional requirement is that during every time period, there must be at least two full-time consultants on duty for every part-time consultant on duty. larry would like to determine how many full-time and part-time consultants should work each shift to meet the above requirements at the minimum possible cost. formulate this as an lp problem. you must define your variables clearly
Answers: 2
question
Business, 22.06.2019 05:00
Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.
Answers: 3
question
Business, 22.06.2019 05:40
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
question
Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
Answers: 1
You know the right answer?
Five years ago, diane secured a bank loan of $340,000 to finance the purchase of a loft in the san...
Questions
question
Mathematics, 10.01.2020 22:31
Questions on the website: 13722363