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BUSN 379 Week 4 Case Study II Ch. 5 |
Mark Sexton and Todd Story, the owners of S&S Air, Inc.,(4 Paragraphs Included)1. What are the monthly payments for a 30-year traditional mortgage? What are the payments for a 20-year traditional mortgage?2. Prepare an amortization table for the first six months of the traditional 30-year mortgage. How much of the first payment goes toward the principal?3. How long would it take for S&S Air to pay off the smart loan assuming 30-year traditional mortgage payments? Why is this shorter than the time needed to pay off the traditional mortgage? How much interest would the company save?4. Assume S&S Air takes out a bullet loan under the terms dsecribed. What are the payments on the loan?What are the payments for the interest-only loan?5. Which mortgage is the best for the company?Are there any potential risks in this action? |
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Mark Sexton and Todd Story, the owners of S&S Air, Inc.,(4 Paragraphs Included)1. What are the monthly payments for a 30-year traditional mortgage? What are the payments for a 20-year traditional mortgage?2. Prepare an amortization table for the first six months of the traditional 30-year mortgage. How much of the first payment goes toward the principal?3. How long would it take for S&S Air to pay off the smart loan assuming 30-year traditional mortgage payments? Why is this shorter than the time needed to pay off the traditional mortgage? How much interest would the company save?4. Assume S&S Air takes out a bullet loan under the terms dsecribed. What are the payments on the loan?What are the payments for the interest-only loan?5. Which mortgage is the best for the company?Are there any potential risks in this action? |
BUSN 379 Week 4 Case Study II Ch. 5 |
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BUSN 379 Week 4 Case Study II Ch. 5 |
Mark Sexton and Todd Story, the owners of S&S Air, Inc.,(4 Paragraphs Included)1. What are the monthly payments for a 30-year traditional mortgage? What are the payments for a 20-year traditional mortgage?2. Prepare an amortization table for the first six months of the traditional 30-year mortgage. How much of the first payment goes toward the principal?3. How long would it take for S&S Air to pay off the smart loan assuming 30-year traditional mortgage payments? Why is this shorter than the time needed to pay off the traditional mortgage? How much interest would the company save?4. Assume S&S Air takes out a bullet loan under the terms dsecribed. What are the payments on the loan?What are the payments for the interest-only loan?5. Which mortgage is the best for the company?Are there any potential risks in this action? |
