With a selling price of $125,000 a down payment of $20,000, and a mortgage rate of 8% for 30 years,calculate: Note: Round your "Table foctor and "Monthlymorigage" answers to the nearest cent. Answer iscomplete hut not entirely correct.With a selling price of $125,000, a down payment of $20,000, and a mortgage rate of 8% for 30 years, calculate.Note: Round your "Table factor" and "Monthly mortgage" answers to the nearest centAnswer is complete but not entirely correct,A. PrincipalB Table factorC.Monthly mortgage paymentD The total cost of interest$106.000$ 136 30000770.4S 172,362

Answered: Image /qna-images/answer/96bd0237-cf16-42f5-8377-c21d2f038aa8.jpg

Answered: With a selling price of $125.000 a down…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A wife and mother was killed in a vehicle accident and her family has been been given 3 proposals and they need to accept one. Proposal 1.) Pay the family of Allison Boone $300,000 a year for the next 20 years, and $500,000 a year for the remaining 20 years. Proposal 2.) Pay the family a lump sum payment of $5 million today. Propsoal 3.) Pay the family of Allison Boone a relatively small amount of $50,000 a year for the next 40 years but also guarantee them a final payment of $75 million at the end of 40 years. Anwser the following questions! 1.) Assume a discount rate of 6 percent is used, which of the three projects has the highest present value? In analyzing the first proposal, take the present value of the 20 year $300,000 annuity. Then take the present value of the deferred annuity of $500,000 that will run from the 21st through the 40th year. The answer you get for the second annuity will represent the value at the beginning of the 21st year (the same as the end of…
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