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Ive provided the worksheet as well as the directions attached to this!Procedure:In our brief case study, we assume the Tho ...
Northern Virginia Community College Paying Extra Principal on a Mortgage Case Study
Ive provided the worksheet as well as the directions attached to this!Procedure:In our brief case study, we assume the Thomas and Jefferson families have identical mortgages (30-year term, fixed-rate 6% APR, and a loan amount of $175,000). The Thomas family will not pay extra but the Jeffersons will. Follow the steps below prior to your analysis.1.Using the Payment mini calculator of the Financial Toolboxes spreadsheet, calculate the mortgage payment (the same for both families).2.Assume that the Thomas’s will make only the required mortgage payment. The Jeffersons, however, would like to pay off their loan early. They decide to make the equivalent of an extra payment each year by adding an extra 1/12 of the payment to the required amount.Calculate the following to find what they plan to pay each month:a.1/12 of the required monthly payment b.Jeffersons monthly payment found by adding this 1/12 to the required payments3.The Thomas’s will take the full 30 years to pay off their loan, since they are making only the required payments. The Jefferson’s extra payment amount, on the other hand, will allow them to pay off their loan more rapidly. Use the Years mini financial calculator of the Financial Toolbox spreadsheet to calculate the approximate number of years (nearest 10th) it would take the Jeffersons to pay off their loan.
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Most Popular Content
Business Report Case Analysis - I need 6 versions - for me and my friends
I have the most of answer for this case but I need it to be business reportI need to make 6 different reports for this cas ...
Business Report Case Analysis - I need 6 versions - for me and my friends
I have the most of answer for this case but I need it to be business reportI need to make 6 different reports for this case for me and 5 of my friends.It have to be totally different we are in the same class with the same teacherI attached the data set and I attached two answers you can use themI need a business report not just answer the questions:The business report has:1- Introduction / summary2- Result / finding/ analysis3- ConclusionInterpret your findings from parts (a), (b), and (c) in a brief report.Develop a regression equation that expresses the relationship between age of the bus and maintenance. The age of the bus is the independent variable.a) Draw a scatter diagram. What does this diagram suggest as to the relationship between the two variables? Is it direct or indirect? Does it appear to be strong or weak?b) Develop a regression equation. How much does an additional year add to the maintenance cost. What is the estimated maintenance cost for a 10-year-old bus?c) Conduct a test of hypothesis to determine whether the slope of the regression line is greater than zero. Use the .05 significance level.
Northern Virginia Community College Paying Extra Principal on a Mortgage Case Study
Ive provided the worksheet as well as the directions attached to this!Procedure:In our brief case study, we assume the Tho ...
Northern Virginia Community College Paying Extra Principal on a Mortgage Case Study
Ive provided the worksheet as well as the directions attached to this!Procedure:In our brief case study, we assume the Thomas and Jefferson families have identical mortgages (30-year term, fixed-rate 6% APR, and a loan amount of $175,000). The Thomas family will not pay extra but the Jeffersons will. Follow the steps below prior to your analysis.1.Using the Payment mini calculator of the Financial Toolboxes spreadsheet, calculate the mortgage payment (the same for both families).2.Assume that the Thomas’s will make only the required mortgage payment. The Jeffersons, however, would like to pay off their loan early. They decide to make the equivalent of an extra payment each year by adding an extra 1/12 of the payment to the required amount.Calculate the following to find what they plan to pay each month:a.1/12 of the required monthly payment b.Jeffersons monthly payment found by adding this 1/12 to the required payments3.The Thomas’s will take the full 30 years to pay off their loan, since they are making only the required payments. The Jefferson’s extra payment amount, on the other hand, will allow them to pay off their loan more rapidly. Use the Years mini financial calculator of the Financial Toolbox spreadsheet to calculate the approximate number of years (nearest 10th) it would take the Jeffersons to pay off their loan.
Radians and Degrees
1) A fan motor turns at a given angular speed. How does the angular speed of the tips of the blades change if a fan of gre ...
Radians and Degrees
1) A fan motor turns at a given angular speed. How does the angular speed of the tips of the blades change if a fan of greater diameter is installed on the motor? Explain. 2) In your own words, explain the difference between 1 radian and 1 degree.
5 pages
Attachment 1 1
Using Basic Probability and Descriptive Statistics to Solve Real-World Probability and descriptive statistics are used all ...
Attachment 1 1
Using Basic Probability and Descriptive Statistics to Solve Real-World Probability and descriptive statistics are used all around us (think: life ...
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