Make an amortization table to show the first two payments for the mortgage. Amount of Annual interest rate Years in mortgage Monthly payment mortgage $404,356 5.00% 35 S2040.73 Monthly payment End-of-month Month Interest Principal principal 1 $2040.73 2$ 2$ 2 $2040.73 (Round to the nearest cent as needed.)
Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…
A: Using excel PMT function
Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…
A: Given: PV =1000Monthly rate =APR12=7.25%12=0.00604166667Total months in 15 years (n)=15×12=180
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Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…
A: Amount Financed = $ 162,300 Interest rate(r) = 7.25% per annum = 7.25%/12 = 0.60416667 % Terms =…
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Q: calculate the required information for the mortgage
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A: Calculate the monthly payment as follows:
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A: PMT: PMT is the annual payment. A loan borrowed should repaid annual or quarterly or monthly…
Q: Make an amortization table to show the first two payments for the mortgage. Amount of Annual…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Complete the first two months of an amortization schedule for the fixed-rate mortgage. Mortgage:…
A: monthly payment formula: pmt = p×rm1-1+rm-m×n where, p = principal m = 12 m = no of years r = rate…
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Q: Complete the first two months of each amortization schedule for a fixed-rate mortgage. Mortgage,…
A: Monthly payment formula: pmt =p×r121-1212+r12×t
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Q: Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage:…
A: Monthly instalment for a fixed rate mortgage can be calculated as below in the excel.
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A: Mortgage amount (PV) = $ 46000 Interest rate = 5 3/4% = 5.75% Monthly interest rate (r) = 5.75%/12 =…
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A: Mortgage amount (PV) = $ 116500 Interest rate = 7% Monthly interest rate (r) = 7%/12 =…
Q: Make an amortization table to show the first two payments for the mortgage. Amount of mortgage…
A:
Q: b. The Cauayan Consumers Cooperative has taken out a 10-year mortgage for P92, 000 at an annual rate…
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Q: omplete the first month of the amortization schedule for the following fixed rate mortgage. Round…
A: The amortization schedule is calculated below:Excel Spreadsheet:
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- Calculating interest and APR of installment loan. Assuming that interest is the only finance charge, how much interest would be paid on a 5,000 installment loan to be repaid in 36 monthly installments of 166.10? What is the APR on this loan?K Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,292 5.50% 35 $2187.22 Monthly End-of-month Month Interest Principal payment principal 1 $2187.22 2 $2187.22 $ (Round to the nearest cent as needed.)Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,550 5.25% 35 $2122.29 Month Monthly payment Interest Principal End-of-month principal 1 $2122.29 $enter your response here $enter your response here $enter your response here 2 $2122.29 $enter your response here $enter your response here $enter your response here
- Make an amortization table to show the first two payments for the mortgage. Amount of mortgage $401,995 Month 1 2 (Round to the Annual interest rate Years in mortgage Monthly payment 5.25% Monthly payment $2093.36 Interest $2093.36 est cent as needed.) $ 35 Principal $2093.36 End-of-month principal $Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $87,000 5.75% 25 $547.23Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,181 5.50% 35 $2186.63 Question content area bottom Part 1 Month Monthly payment Interest Principal End-of-month principal 1 $2186.63 $enter your response here $enter your response here $enter your response here 2 $2186.63 $enter your response here $enter your response here
- Using this table as needed, calculate the required information for the mortgage. AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $73,500 8.00% 30 $ $ $Make an amortization table to show the first two payments for the mortgage. Amount of mortgage $89,000 Month Annual interest rate Years in mortgage Monthly payment 5.50% Monthly payment $546.46 Interest 1 2 $546.46 (Round to the nearest cent as needed.) 25 Principal $546.46 End-of-month principalConsider the first payment against a $200,000 mortgage that last for 25 years. Fixed repayments are made on a monthly basis. The first row of the amortization schedule is shown below. Payment # Payment Interest 1 d 716.67 2 Debt Payment Balance P1 b₁
- Using this table as needed, calculate the required information for the mortgage. Number Table Monthly Payment (in $) Term Total Amount Interest of $1,000s Financed of Loan Factor Interest Financed Rate (years) (in $) (in $) $74,500 8.00% $| 30omplete the first month of the amortization schedule for the following fixed rate mortgage. Round the answer to the nearest cent. Mortgage: $79,000 Interest rate: 8.5% Term of loan: 15 years Amortization Schedule Payment Total Interest Principal Balance of Number Payment Payment Payment Principal 1 $777.94 (a) _____ (b) _____ (c) _____Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $168,300 7.25% 15 168.3 $ $ $