Business, 03.12.2020 23:10 20jacksone

Your family gives you $5,000 as a college graduation present. You are about to start paying off $50,000 in student loans at a 4 percent interest rate for a 15-year loan. You could use this money to pay some of your loans, but you could also invest it. a. Calculate the monthly payments and total payment you will be making on your loan if you do not use the $5,000 to make an initial payment.

Monthly Payment: $288.88 ($289)

Total Amount Paid: $52,000

b. Calculate the monthly payments and total payment you will be making on your loan if you do use the $5,000 to make an initial payment.

Monthly Payment:

Total Amount Paid:

c. List two ways you could invest the money, and describe the expected returns from each method over a 15-year period.

d. What would you do with the $5,000? Explain why your choice makes financial sense to you.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 18:30

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

Answers: 2

Answer

Business, 22.06.2019 04:30

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Answers: 1

Answer

Business, 22.06.2019 20:40

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.

Answers: 3

Answer

Business, 23.06.2019 03:20

Which of the following traits indicate that stephanie is good at time management in her new management role? during the work day, stephanie does not know what to do next. stephanie's work space is crowded and cluttered. stephanie uses breaks during work to see what friends are up to on social media. stephanie keeps a schedule for events, meetings, and deadlines.

Answers: 1

Answer

You know the right answer?

Your family gives you $5,000 as a college graduation present. You are about to start paying off $50,...

Questions