This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You have just taken out a 30-year mortgage on your new home for 120,000. This mortgage is to be ... (Read 98 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jul 10, 2018
You have just taken out a 30-year mortgage on your new home for 120,000. This mortgage is to be repaid in 360 equal monthly installments.
 
  If the stated (nominal) annual interest rate is 14.75 percent, what is the amount of each of the monthly installments? Round to the nearest whole dollar.
  A) 1,515
  B) 1,472
  C) 1,493
  D) 1,522
  E) 1,440

Question 2

Exchange rate risk
 
  A) exists also in direct foreign investments and foreign portfolio investments.
  B) exists when the contract is written in terms of the foreign currency.
  C) does not exist if the international trade contract is written in terms of the domestic currency.
  D) all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

D


james

  • Member
  • Posts: 573
Reply 2 on: Jul 10, 2018
:D TYSM

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Martha Rosler, Gladiators, from the series House Beautiful: Bringing the War Home. 2004 Martha Rosler, Gladiators, from the series House Beautiful: Bringing the War Home. 2004
The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ... The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ...
Hospitalization per year Hospitalization per year
Top Eleven Countries in Year 2009 According to Three Different Measures Top Eleven Countries in Year 2009 According to Three Different Measures
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ... Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library