58 599
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Finance Question for raymond zhang jinsheng

Question #15690
him to put a down payment of 20% of the value of the house. The loan terms are as follows:
Interest rate on the loan 1.8% a year for the first two years and then the rate will be 3-month SIBOR + 0.5 percent. This rate will be adjusted every 3 months after the first two years. The loan period will be 15 years. If loan is approved, the monthly payments will start from September 1, 2012
(a) Calculate the monthly payment on September 1, 2012.

(b) If the SIBOR rate is expected to be 1.2% on September 1, 2014, calculate the revised monthly payment on September 1, 2014.
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question