Reverse Mortgage

hello asked: for example for a 400000 loan amount for 10 years for 5 percent interest rate .please help

strbst asked: It says to use a graphing calculator but i cant figure it out: Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$12000; PMT=$400,n=55, i=?

goodfella_4 asked: On January 1, 2003, Staton Company paid $160,000 to obtain a patent. Staton expected to use the patent for 5 years before it became technologically obsolete. Based on this information, the amount of amortization expense on the December 31, 2005 income statement and the book value of the patent on the December 31, [...]

Joe asked: I understand loan amortization for the most part. I understand you are figuring out a schedule of equal payments over a period time, and how often the interest is compounded, along with the given iterest and principal of the loan. My question is, Why does the amount of interest decrease over time as [...]

Juice asked: Which of the following items are listed in the header of an amortization table? True False – amortization payment True False – interest True False – principal at end of period True False – present value True False – payment number True False – payment applied to principal True False – lump sum [...]

Carl G asked: Where can I find a amortization chart, or a formula for my calculator to take to the dealership if I have to use their financing (I have a 5 year old bankruptcy) They will rip you when they start asking what you want your monthly payment to be – for me it [...]

Terri asked: The Centennial Chemical Corporation announced that for the period ending March 31, 2008, it had earned income after taxes worth $5,330,275 on revenues of $13,144,680. The company’s costs (excluding depreciation and amortization) amounted to 61 percent of sales, and it had interest expenses of $392,168. What is the firm’s depreciation and amortization expense [...]

Ubernoob asked: A sofa that was no longer in use was sold to a used car company. $9,900.00 was the original value of the asset. No cash changed hands. 34% is the rate of amortization for this asset class. $2,475.00 of the asset’s original value was amortized. $4,009.50 of the book value was the price [...]

Angel L asked: what’s the amortization method used by Danier Leather Inc. Need easy, simple answer. Thanks a lot O(?_?)O~

First asked: Four years ago, the creditor was not able to continue her monthly amortization that’s why the property was foreclosed.