House Finance Assignment Help With Solution

House Finance Assignment Help With Solution

1. Car plan. Given the following data:
Car price, 20000; Downpayment, 10%; Saving rate, 2%; Saving time, 2;
Loan rate, 6%; Loan term, 4 years
Calculate,
a) Monthly saving to pay for the down payment _______
b) Loan payment monthly _______

2. House plan. Given the following data:
House price, 350,000; Downpayment,10%; Saving rate, 8%; Saving time, 2;
Loan rate, 4.20%; Loan term, 30 years
Calculate,
a) Monthly saving to pay for the down payment _______
b) Loan payment monthly _______

3. Loan amortization table. Build the amortization table for a yearly loan of the following
characteristics: Interest, 10%; Time, 6 years; Principal, 100000.

4. Balloon Payment –shortcut way. A couple is thinking about closing on a home plan with the
following characteristics:
House price, 350000; Downpayment, 10%; Loan rate, 4.20%; Loan term, 30;
They may move after 20 years, and they are wondering how their loan balance would look like
at that time
a) Principal due _______
b) Total dollars paid _______
c) Principal paid _______
d) Interest paid _______

5. Effective rates. Which of the following loans offers a lower effective rate?
House   B C
House price   400000 400000
Downpayment   10% 10%
Loan rate   4.10% 4.05%
Loan term   30 30
Points   0.00 1.00
Payment, monthly   _______ _______
Eff. rate monthly   _______ _______
Eff. rate yearly   _______ _______

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.

Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.

Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.

Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.

Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Features

Features for Assignment Help

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Relevancy
We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Related Services

6. Analyze the following loan and provide the charts for a) the proportions of interest and principal through the life of the loan and, b) accumulated interest and principal.
Interest 4.00% yearly; Time 30 years, or 360in months; Principal, \$360,000.00

7. Trusts, planned expenses. A company needs to set up a fund to cover certain anticipated research expenses of \$20,000 per year during 20 years. The firms anticipates it can earn a minimum of 3% in such fund. How much money is needed for such fund? __________ .
(Use yearly figures.)

8. Self-annuitizing. A couple has accumulated \$258,244.00. They can earn a 4% in their investments, their daughter is planning on a five year program of graduate study , and they would like to know how much monthly income could be withdrawn if that amount was invested at 4% during the five year period. Answer: ________ .

9. Retirement plan (yearly). Calculate the funds needed at retirement, and the yearly saving to accumulate such an amount for the following data:
Retirement period to cover 30 Retirement annuity 30000 Rate on retirement account 4% Rate on savings 8% Years from retirement 20

a) Funds needed ___________

b) Yearly saving

10. Insurance annuity (Immediate). An insurance company offers an immediate annuity to one of your clients, where he will get monthly payments of \$1600 for as long as he lives at the cost of \$258,244.00.

a) What is the implied rate of return if your client were to live for 20 years? _________

b) Is it a good deal? :

Product Code :Fin167

To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)

You can also email us at assignmentconsultancy.help@gmail.com but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.

Summary