Hi folks,
I’m in the process of attempting to finance an aircraft buy. Because this aircraft is right around the minimum amount most finance companies will finance at all, price-wise, I’m the quandary of either having to go cash on it or finance a higher amount aircraft. I have the cash but do not wish to [...]

Fixed rate balloon loan on a 557 month amortization schedule with a maturity date of 3/1/2036, remaining term of 317 months.
???
Remaining term is 317 months at 4.87%. 2.23 is the P & I. Yes, the 46 year part is where I got confused.

I have a 30 year fixed at 6% on a prinicpal of 275,000. Monthly payment is ,648.76 for principal & interest. I’ve paid down a lot of principal in the 2.5 years I’ve had it, and owe about 0,000. My current payment puts 7.00 to principal, 1.00 to interest, and then we [...]

1. Secured debt usually has a higher interest rate than unsecured debt. (1 point)
Right
Fake
2. If you pay your credit cards on-time and maintain a low balance, your credit score will go up. (1 point)
Right
Fake
3. Which of the following is NOT an example of Real Property: (1 [...]

If the reps KNOW it’s a MUCH worse deal than getting a conventional mortgage, why do they lie to their friends and family and represent it as a fantastic loan?
The simple interest feature means nothing when the loan has a higher interest rate. In fact, a Primerica SMART loan that starts as 30 years [...]

Here’s the situation: Imagine you have 8 credit card debts totaling k or more and you also have a mortgage. You are thinking about consolidating them all into one monthly bill. And this is what you want from the bank:
1) It has no application fees or any upfront fees to pay (such as appraisals on [...]

1.You have bought a home for 0,000. Fortunately, you were able to make a down payment of ,000, but took out a 30-year mortgage for the 5,000 balance. The note payments are ,388.63 per month at 12% annual interest.
A.Prepare the amortization schedule for the first 12 months of payments and give a subtotal [...]

I re-read the chapters and still can not know where to start to solve this problem. Please help.
John buys a house for 0,000. The terms of his mortgage are 6% over 30 years. It is vital to note that he makes annual rather than monthly payments.
Construct an amortization schedule that shows the 30 payments [...]

nada and eric’s monthly mortgage payments are based on a list price of 5,000 with a 25% down payment, an intrest rate of 6.5% comounded semi-annually for 3 years, and an amortization period of 25 years. Determine the equity the couple will build over the next 3 years if they buy the home. assume [...]

I can track my mortgage payments from an amortization schedule and see exactly how much I need to pay each month in order to get it paid on in x amount of time (I place this together on an excel spreadsheet). I want to do this with my car loan, but each month the interest [...]