SlideShare una empresa de Scribd logo
1 de 1
Descargar para leer sin conexión
You are negotiating the renewal of your mortgage loan with your financial institution. Exactly 5
years ago ( 60 months ago), you concluded the following terms: - Amount of mortgage loan: $285,
000 - Nominal interest rate capitalized semi-annually (fixed 5 years): 2.89% - Timeline: 25 years -
Equal monthly payments. Following your negotiation, your institution offers you the following new
terms: - Loan amount: current balance of your loan due. - Nominal interest rate capitalized semi-
annually (fixed 5 years): 2.49% - Timeline: 20 years - Equal weekly payments. 2.1 What was your
monthly payment for the last 5 years of the loan? (5 points) 2.2 What is the current balance of the
mortgage loan? (5 points) 2.3. What will be your weekly payment if you accept the new terms for
the next 5 years of the mortgage? (5 points) 2.4 What will be the balance of the mortgage loan in 5
years? (5 points)

Más contenido relacionado

Similar a You are negotiating the renewal of your mortgage loan with y.pdf

Global wealthhbe2011
Global wealthhbe2011Global wealthhbe2011
Global wealthhbe2011
ameerelahee
 
Assignment Capital Budget Decision Making for an Organization—Par.docx
Assignment Capital Budget Decision Making for an Organization—Par.docxAssignment Capital Budget Decision Making for an Organization—Par.docx
Assignment Capital Budget Decision Making for an Organization—Par.docx
robert345678
 
A stakeholder is[removed]all of these.[removed].docx
A stakeholder is[removed]all of these.[removed].docxA stakeholder is[removed]all of these.[removed].docx
A stakeholder is[removed]all of these.[removed].docx
mehek4
 
Ma Capital Resources Presentation
Ma Capital Resources PresentationMa Capital Resources Presentation
Ma Capital Resources Presentation
rva65
 
2015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 2015
2015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 20152015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 2015
2015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 2015
Brian N. Phillip
 
Emerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docx
Emerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docxEmerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docx
Emerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docx
jack60216
 

Similar a You are negotiating the renewal of your mortgage loan with y.pdf (19)

Bring Your Dream Home To Life.
Bring Your Dream Home To Life.Bring Your Dream Home To Life.
Bring Your Dream Home To Life.
 
Business loans at 5.99%
Business loans at 5.99%Business loans at 5.99%
Business loans at 5.99%
 
Unit 1 Home Finance
Unit 1   Home FinanceUnit 1   Home Finance
Unit 1 Home Finance
 
Update on PPP Loans - Cal CPA Education Foundation - August 6, 2020
Update on PPP Loans - Cal CPA Education Foundation - August 6, 2020Update on PPP Loans - Cal CPA Education Foundation - August 6, 2020
Update on PPP Loans - Cal CPA Education Foundation - August 6, 2020
 
Global wealthhbe2011
Global wealthhbe2011Global wealthhbe2011
Global wealthhbe2011
 
Assignment Capital Budget Decision Making for an Organization—Par.docx
Assignment Capital Budget Decision Making for an Organization—Par.docxAssignment Capital Budget Decision Making for an Organization—Par.docx
Assignment Capital Budget Decision Making for an Organization—Par.docx
 
Mortgage Financing
Mortgage FinancingMortgage Financing
Mortgage Financing
 
Your Path to a Debt-Free Lifestyle
Your Path to a Debt-Free LifestyleYour Path to a Debt-Free Lifestyle
Your Path to a Debt-Free Lifestyle
 
A stakeholder is[removed]all of these.[removed].docx
A stakeholder is[removed]all of these.[removed].docxA stakeholder is[removed]all of these.[removed].docx
A stakeholder is[removed]all of these.[removed].docx
 
Will fd rates become unattractive
Will fd rates become unattractiveWill fd rates become unattractive
Will fd rates become unattractive
 
Ma Capital Resources Presentation
Ma Capital Resources PresentationMa Capital Resources Presentation
Ma Capital Resources Presentation
 
Student Loan Repayment Options
Student Loan Repayment OptionsStudent Loan Repayment Options
Student Loan Repayment Options
 
freemortgage
freemortgagefreemortgage
freemortgage
 
2015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 2015
2015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 20152015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 2015
2015 NSU Fischler Summer Conference Workshop -Money Matters -July 12-15, 2015
 
Emerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docx
Emerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docxEmerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docx
Emerging Ethical IssuesXXXXXXSeptember 8, 2014xxxxx.docx
 
Product Presentation
Product PresentationProduct Presentation
Product Presentation
 
Yes you can spend a dollar multiple times!
Yes you can spend a dollar multiple times!Yes you can spend a dollar multiple times!
Yes you can spend a dollar multiple times!
 
Three B's Budgeting (Bad) economy Banking foundation bank 09 26-12
Three B's  Budgeting (Bad) economy  Banking  foundation bank 09 26-12 Three B's  Budgeting (Bad) economy  Banking  foundation bank 09 26-12
Three B's Budgeting (Bad) economy Banking foundation bank 09 26-12
 
Hope 4 Homeowners Pdf
Hope 4 Homeowners PdfHope 4 Homeowners Pdf
Hope 4 Homeowners Pdf
 

Más de shanth8

You are to consider the design of a web app to help a night .pdf
You are to consider the design of a web app to help a night .pdfYou are to consider the design of a web app to help a night .pdf
You are to consider the design of a web app to help a night .pdf
shanth8
 

Más de shanth8 (20)

You have been assigned to a project team to develop a new pr.pdf
You have been assigned to a project team to develop a new pr.pdfYou have been assigned to a project team to develop a new pr.pdf
You have been assigned to a project team to develop a new pr.pdf
 
You have been appointed as the information security officer .pdf
You have been appointed as the information security officer .pdfYou have been appointed as the information security officer .pdf
You have been appointed as the information security officer .pdf
 
You have a single linked list Write the pseudo stepbyste.pdf
You have a single linked list Write the pseudo stepbyste.pdfYou have a single linked list Write the pseudo stepbyste.pdf
You have a single linked list Write the pseudo stepbyste.pdf
 
You have a large set of data with n elements where n will t.pdf
You have a large set of data with n elements where n will t.pdfYou have a large set of data with n elements where n will t.pdf
You have a large set of data with n elements where n will t.pdf
 
You have a data set with 48 observations If it is approxima.pdf
You have a data set with 48 observations If it is approxima.pdfYou have a data set with 48 observations If it is approxima.pdf
You have a data set with 48 observations If it is approxima.pdf
 
You find a pool of water deep in a cave with some unusual ge.pdf
You find a pool of water deep in a cave with some unusual ge.pdfYou find a pool of water deep in a cave with some unusual ge.pdf
You find a pool of water deep in a cave with some unusual ge.pdf
 
You do not have to write in sentencesparagraphs just gather.pdf
You do not have to write in sentencesparagraphs just gather.pdfYou do not have to write in sentencesparagraphs just gather.pdf
You do not have to write in sentencesparagraphs just gather.pdf
 
You attend a meeting after receiving an email the day before.pdf
You attend a meeting after receiving an email the day before.pdfYou attend a meeting after receiving an email the day before.pdf
You attend a meeting after receiving an email the day before.pdf
 
You can define a word array as following data array word.pdf
You can define a word array as following data array word.pdfYou can define a word array as following data array word.pdf
You can define a word array as following data array word.pdf
 
You are to consider the design of a web app to help a night .pdf
You are to consider the design of a web app to help a night .pdfYou are to consider the design of a web app to help a night .pdf
You are to consider the design of a web app to help a night .pdf
 
You are in the ER and the ER nurse rushes in to get you to i.pdf
You are in the ER and the ER nurse rushes in to get you to i.pdfYou are in the ER and the ER nurse rushes in to get you to i.pdf
You are in the ER and the ER nurse rushes in to get you to i.pdf
 
You are given the null and alternative hypotheses shown belo.pdf
You are given the null and alternative hypotheses shown belo.pdfYou are given the null and alternative hypotheses shown belo.pdf
You are given the null and alternative hypotheses shown belo.pdf
 
You are given data for a population The AA individuals aver.pdf
You are given data for a population The AA individuals aver.pdfYou are given data for a population The AA individuals aver.pdf
You are given data for a population The AA individuals aver.pdf
 
You are given the following data concerning Freedonia a leg.pdf
You are given the following data concerning Freedonia a leg.pdfYou are given the following data concerning Freedonia a leg.pdf
You are given the following data concerning Freedonia a leg.pdf
 
You are required to elaborate biodata of the TWO 2 Quality.pdf
You are required to elaborate biodata of the TWO 2 Quality.pdfYou are required to elaborate biodata of the TWO 2 Quality.pdf
You are required to elaborate biodata of the TWO 2 Quality.pdf
 
You are the public relations coordinator for a major cruise .pdf
You are the public relations coordinator for a major cruise .pdfYou are the public relations coordinator for a major cruise .pdf
You are the public relations coordinator for a major cruise .pdf
 
You are given the following information S12345678.pdf
You are given the following information S12345678.pdfYou are given the following information S12345678.pdf
You are given the following information S12345678.pdf
 
You are given a list L and another list P containing in.pdf
You are given a list L and another list P containing in.pdfYou are given a list L and another list P containing in.pdf
You are given a list L and another list P containing in.pdf
 
You are given a 5 x 6 board and a robot initially placed at .pdf
You are given a 5 x 6 board and a robot initially placed at .pdfYou are given a 5 x 6 board and a robot initially placed at .pdf
You are given a 5 x 6 board and a robot initially placed at .pdf
 
You are part of the United Nations UN security audit team .pdf
You are part of the United Nations UN security audit team .pdfYou are part of the United Nations UN security audit team .pdf
You are part of the United Nations UN security audit team .pdf
 

Último

An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
SanaAli374401
 
Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.
MateoGardella
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
negromaestrong
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
MateoGardella
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
ciinovamais
 

Último (20)

An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writing
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 

You are negotiating the renewal of your mortgage loan with y.pdf

  • 1. You are negotiating the renewal of your mortgage loan with your financial institution. Exactly 5 years ago ( 60 months ago), you concluded the following terms: - Amount of mortgage loan: $285, 000 - Nominal interest rate capitalized semi-annually (fixed 5 years): 2.89% - Timeline: 25 years - Equal monthly payments. Following your negotiation, your institution offers you the following new terms: - Loan amount: current balance of your loan due. - Nominal interest rate capitalized semi- annually (fixed 5 years): 2.49% - Timeline: 20 years - Equal weekly payments. 2.1 What was your monthly payment for the last 5 years of the loan? (5 points) 2.2 What is the current balance of the mortgage loan? (5 points) 2.3. What will be your weekly payment if you accept the new terms for the next 5 years of the mortgage? (5 points) 2.4 What will be the balance of the mortgage loan in 5 years? (5 points)