AMORTIZATION SCHEDULE WITH A BALLOON PAYMENT You want to buy a house that costs $140,000. You have $14,000 for a down payment, but your credit is such that mortgage companies will not lend you the required $126,000. However, the realtor persuades the seller to take a $126,000 mortgage (called a seller take-back mortgage) at a rate of 5%, provided the loan is paid off in full in 3 years. You expect to inherit $140,000 in 3 years; but right now all you have is $14,000, and you can afford to make payments of no more than $22,000 per year given your salary. (The loan would call for monthly payments, but assume end-of-year annual payments to simplify things.)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Cornerstones of Financial Accounting
Essentials of Business Communication (MindTap Course List)
Accounting Information Systems
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Foundations of Business (MindTap Course List)
Financial & Managerial Accounting
Corporate Financial Accounting
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Probability and Statistics for Engineering and the Sciences
Principles of Economics (MindTap Course List)
Financial And Managerial Accounting
College Accounting, Chapters 1-27
Essentials of Economics (MindTap Course List)
Financial Accounting
Management, Loose-Leaf Version
Managerial Accounting: The Cornerstone of Business Decision-Making
Intermediate Accounting: Reporting And Analysis
Accounting Information Systems
MKTG 12:STUDENT ED.-TEXT
College Accounting (Book Only): A Career Approach
Contemporary Marketing
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Financial Accounting
Exploring Economics
Financial & Managerial Accounting
Accounting (Text Only)
College Accounting (Book Only): A Career Approach
Statistics for Business & Economics, Revised (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Principles of Macroeconomics (MindTap Course List)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Purchasing and Supply Chain Management
Practical Management Science
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Microeconomics
Corporate Financial Accounting
Economics For Today
Economics (MindTap Course List)
Cornerstones of Cost Management (Cornerstones Series)
Understanding Management (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
Micro Economics For Today
Microeconomics: Private and Public Choice (MindTap Course List)
Managerial Accounting
Economics: Private and Public Choice (MindTap Course List)