BUSN 379 Week 4 Case Study II Ch. 5
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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?
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