( explain all with deeply explaination and type the answer). Must show all your work (NEATLY) and place answer in the blank.Use 6 decimal places for the mortgage constantLoan to value ratio = 85%Term: Monthly payments 30 years5.3.738%6.245.466.1579,533.858.$254,992.58Purchase Price = $300,000Interest rate = 12%1255,0002.0.0102832,622.964. 252,377.041. The loan is equal to: = LVR PP0.85 x 300 000: $255.0002. The monthly mortgage e constant is equal to:$2,6229/255,000=0.010283. The monthly payment is equal to:Pv=-255.000Rate (I) = 12/12 1/N=30×12= 360= Monthly pint/LoanPayment 2,622.964 The4, The amount of interest paid in the second payment is equal to:Imo endins balance x Interest ratelino)= (255,000-2622.96) x 15% = $252,377.04

A mortgage is a covered loan that a borrower takes for the purchase of a property. The property…

lust show all your work (NEATLY) and place answer in the blank. Use 6 decimal places for the mortgage constant Purchase Price = $300,000 Interest rate= 12% Loan to value ratio = 85% Term: Monthly payments 30 years $255,000 5.3.738 % 2.0.01028 32,622.96 4.252,377.04 6.$245,466.15 79,533.85 8.$254,992.58 1. The loan is equal to: = LVR PP 0.85 x 300 000: $255,000 2. The monthly mortgage constant is equal to: - Monthly pint/Loan $2,6229/255,000=0.01028 3. The monthly payment is equal to: PV: -255.000 Rate (I): 12/12 1/ N=30×12= 360 Payment $21622.96 4, The amount of interest paid in the second payment is equal to: Imo endins balance * Interest ratellino) =(255,000-2622.9b)x=% = $252,377.04

lust show all your work (NEATLY) and place answer in the blank. Use 6 decimal places for the mortgage constant Purchase Price = $300,000 Interest rate= 12% Loan to value ratio = 85% Term: Monthly payments 30 years $255,000 5.3.738 % 2.0.01028 32,622.96 4.252,377.04 6.$245,466.15 79,533.85 8.$254,992.58 1. The loan is equal to: = LVR PP 0.85 x 300 000: $255,000 2. The monthly mortgage constant is equal to: - Monthly pint/Loan $2,6229/255,000=0.01028 3. The monthly payment is equal to: PV: -255.000 Rate (I): 12/12 1/ N=30×12= 360 Payment $21622.96 4, The amount of interest paid in the second payment is equal to: Imo endins balance * Interest ratellino) =(255,000-2622.9b)x=% = $252,377.04

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) Monthly Payment (in $) Term Number Table Total Amount Interest of Loan of $1,000s Financed Factor Interest Financed Rate (years) (in $) (in $) $162,300 7.25% 15 162.3 2$ $ 1481.5880 $ 104385.84 V
Complete the following table, which shows the monthly payments on a $100,000, 30-year mortgage at the interest rates shown. Use this information to answer the following questions. (Round your answers to the nearest cent.) Amount of Mortgage ($) 100,000 100,000 100,000 100,000 100,000 100,000 Interest Rate (%) 3 4 5 Need Help? 6 7 Read It 8 Monthly Payment ($) 421.60 477.42 536.82 599.55 665.30 (a) What is the difference in monthly payments between a $100,000, 30-year mortgage secured at 7%/ year and one secured at 3%/year? $ 243.70 733.76 (b) Use the table to calculate the monthly mortgage payments on a $140,000 mortgage at 6% / year over 30 years. $ 386.2 Use the table to calculate the monthly mortgage payments on a $30,000 mortgage at 6%/year over 30 years. $
Using this table as needed, calculate the required information for the mortgage. Amount Interest Financed Rate $88,500 8.00% Need Help? Read It Submit Answer Term of Loan (years) 30 Number of $1,000s Financed 88.5 Table Factor (in $) 7.34 Monthly Payment (in $) X LA Total Interest (in $) X
Use this table to find the monthly mortgage payments, when necessary. 3 Find the total interest for a mortgage of $94,500 at 7% for 25 years. 4 O $97,000.00 O $119,542.50 O $134,602.88 $224,632.95
Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) Amount Interest Financed Rate $169,300 7.25% Need Help? Read It Submit Answer Term of Loan (years) 15 Number of $1,000s Financed tA Table Factor (in $) tA Monthly Payment (in $) LA Total Interest (in $)
The following formula is used for figuring out a monthly home mortgage payment: 7(12t) r Lr1+ 12 M = 12t 12 1+ 12 -1 Where: L = the loan amount in dollars the annual interest rate expressed as decimal t = the number of years of the loan M= the monthly payment in dollars r = You are looking to buy a $275,599.00 home in Haverhill. If Bank of America will give them a 30-year mortgage at 6.75% annual interest rate for the cost of the house after they receive a 10% down payment. A. Determine the loan amount? B. How much their monthly payment will be? C. At the end of the 30-years, how much total money will you have paid to Bank of America for your home? In another word how much did the $275,599.00 house really cost the couple? D. How much interest will they have paid? E. How many of her monthly payment go toward the interest? F. What percent increase over the cost of the home does this interest represent? G. Redo and re-answer all questions, but this time for 15 years? Do analysis…
Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) Number Table Monthly Payment (in $) Term Total Amount Interest of $1,000s Financed of Loan Factor Interest Financed Rate (years) (in $) (in $) $162,300 7.25% 15 162.3 $ $ 1481.5880 $ 104385.84 %24
Complete the following amortization chart by using Table 15.1. (Round your answers to the nearest cent.) Selling price of home Principal (loan) Payment per $1,000 Monthly mortgage payment Rate of Down payment Years interest 182,000 60,000 6.5 % 35 Σ %24 %24
Complete the following table, which shows the monthly payments on a $100,000, 30-year mortgage at the interest rates shown. Use this information to answer the folowin answers to the nearest cent.) Amount of Mortgage ($) Interest Rate (%) Monthly Payment ($) 100,000 3 421.60 100,000 4 100,000 100,000 6. 100,000 7. 100,000 733.76 (a) What is the difference in monthly payments between a $100,000, 30-year mortgage secured at 7%/year and one secured at 3year? %24 (b) Use the table to calculate the monthly mortgage payments on a $170,000 mortgage at 5/year over 30 years. 24 Use the table to calculate the monthly mortgage payments on a $50,000 mortgage at 5%/year over 30 years. Need Help? Read
Use PMT = to determine the regular payment amount, rounded to the nearest cent. The cost of a home is financed with a $120,000 20-year - nt 1- fixed-rate mortgage at 4%. a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage. ..... a. The monthly payment is $ 727.18 . (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $ . (Use the answer from part a to find this answer. Round to the nearest cent as needed.)
Complete the following table, which shows the monthly payments on a $100,000, 30-year mortgage at the interest rates shown. Use this information to answer the following questions. (Round your answers to the nearest cent.) Amount of Mortgage ($) 100,000 100,000 100,000 100,000 100,000 100,000 Interest Rate (%) 3 4 5 6 7 8 Monthly Payment ($) 421.60 733.76 (a) What is the difference in monthly payments between a $100,000, 30-year mortgage secured at 7%/year and one secured at 3%/year? (b) Use the table to calculate the monthly mortgage payments on a $130,000 mortgage at 4%/year over 30 years. Use the table to calculate the monthly mortgage payments on a $80,000 mortgage at 4%/year over 30 years.
Based on Exhibit 9-9, or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? Note: Round time value factor and final answers to 2 decimal places. What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment? a. $61,000, 15-year loan at 7.50 percent. b. $151,000, 30-year loan at 8.00 percent. c. $88,000, 20-year loan at 6.50 percent. d-1. Longer mortgage terms mean a d-2. For increase in mortgage rate Monthly Mortgage Payment monthly payment. monthly payment is required.

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