subject
Business, 29.03.2021 22:10 gbrightwell

Mary got a 30 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 7% with monthly payments. After 5 years of payments, Mary can refinance the balance into a 25 year Fully Amortizing FRM at an annual interest rate of 6%, with monthly payments. Refinancing will cost Mary 1 point and $1,500 in closing costs. If Mary refinances into this loan and makes payments for 25 years, what will be her return on investment from refinancing

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 16:50
Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?
Answers: 2
question
Business, 22.06.2019 21:00
The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs
Answers: 1
question
Business, 23.06.2019 01:50
The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap
Answers: 2
question
Business, 23.06.2019 04:00
How do i make quick money as a 13 year.old with no alouence.
Answers: 1
You know the right answer?
Mary got a 30 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 7% with monthly...
Questions
question
Mathematics, 24.06.2019 15:00
question
English, 24.06.2019 15:00
question
Physics, 24.06.2019 15:00
Questions on the website: 13722367