Rachel buys a house and takes out a $150,000 30-year mortgage. The interest rate is 12% convertible monthly and Rachel makes monthly payments of $1,400 for the first 3 years. Determine how large her monthly payment needs to be for the remaining 27 years in order to pay off the mortgage at the end of the 30-year period.

When earning simple interest on money you invest, which statement is true? a. as time goes on and your bank account grows, you earn more interest. b. as time goes on and your bank account grows, you earn less interest. c. as time goes on and your bank account grows, you earn the same amount of interest. d. as time goes on and your bank account grows, you stop earning interest.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year

Afamily wishes to save for future college expenses. which financial tool should the family invest in?