Tolpon/MADP IL Pert3. Here is a table followed by two advertisements -one for a horme to rent andone for a home to purchase.a) Complete the table. If there is not payments required for a particular spot, putn/a (not applicable) in that spot. For any mortgage calculations, assume a 25-year amortization, 7% interest, and an original principal of $130 000.b) Describe two advantages of selecting the "rental" option and two advantagesof selecting the "purchase" option.House for rent 3-bedroom house, ranch style, close to schools, 1400 sq. ft.above ground swimming pool, 2 bathrooms, paved drive, large deck,$1150/month + gas heat. First and last + $250 security required.House for sale 3-bedroom, 2 ½ baths, renovated kitchen, 1450 sq. ft. finishedbasement with gas fireplace, CIA, 2-car garage, $174 000. Taxes approx.$175/month.DontalDurehaeeCynonen nemtatic aned.MAYA DIA-A FtowMASHIPive Perfurmance-TlieExpenseRentalPurchaseRent amountn/aMortgage paymentsEstimated heating costs$140$180Estimated other costs$120Property taxesUpfront or closing costs$48 000$100Estimated maintenance costsEstimated total monthly costs

Decision makingThe company has to make decisions for cases like expansion, discontinuation, and…

Answered: 3. Here is a table followed by two…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Construct a differential equation for the changing mortgage balance. (Equation Must include r, A, P, and dA/dt)Relevant information: monthly mortgage payment (M) is composed of taxes and insurance (TI), and principle and interest (P). So, M=TI + P (TI goes into escrow account). Mortgage rate, r, is APR divided monthly (0.05/12). t is time in months, A(t) is the mortgage balance after t months of payments. the rate of change of A(t) is the difference between interest incurred and P (the portion of the monthly payment that does not go into Escrow account).
Complete the following amortization chart by using Table 15.1. (Round your answers to the nearest cent.) Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $181,000 $50,000 $1,156.59 7.0% 35 I need help working this problem out. Please explain in detail.
1. Excel: Complete the amortization table provided in the Excel document posted in Ivylearn in the homework area by setting the appropriate values for a $165,000, 30-year mortgage at 4.5% interest and using Excel's autofill (drag) feature to fill in the cells to the end of the mortgage period. Use this to answer the following: a. How much of the first payment goes towards the principal? How much goes toward the interest? b. How much of the last payment goes towards the principal? How much goes toward the interest? c. Find the total interest paid by the end of the mortgage. d. How much will be owed on the mortgage after making payments for 10 years (hint this is 120 months)? e. How much interest has been paid total on the mortgage at the end of 10 years? f. How many months will it take to pay at least half of the principal?
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). AppraisedValue Lender'sPercentage Percentage ofAppraised Value (in $) Balance ofFirst Mortgage PotentialCredit (in $) $356,700 75% $ $196,500 $
(make your own given then answer the question) 3. Ken plumbing wishes to pay off a debt of Php _______ in ____ years. What regularpayment would they need to make if it is under ____% interest compounded _______?
Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows: a) For the nper argument, use the Term_in_Months (cell D5) to specify the number of periods. b)For the pv argument, use the Loan_Amount (cell B8) to include the present value. c)Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount.
You are considering taking out a 15-year loan versus a 30-year loan for a home. Explain what the pros and cons of both loan types are. Be sure to add appropriate detail to receive full credit. BIUS IE 블 Insert Formula X₂ X² 三星E
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 $1,000 Monthly mortgage payment Rate of Down payment Years interest 182,000 60,000 6.5 % 35 Σ %24 %24
O SI BI M In ht A vle.phoenix.edu/ultra/grades/assessment/29079282 1/overview/attempt/_29932766_1?courseld%3 292033_1 Question 17 The figure below shows costs for a current home mortgage versus a refinanced home mortgage. Refinancing but results in a lower monthly payment. Which best describes the lines? 14000+ 12000 2 10000 + 8000 6000 4000 + 2000 10 Months acer Total cost ($)
how to do part two of the question? Calculate the value of the tenant's interest based upon a return of j, = 8%. Round your answer to the nearest $100. (1) $6,100 (2) $8,400 (3) $7,200 (4) $9,300
1) The amount of down payment one makes on a home directly affects the size of the monthly payments a. True b. False 2) A monthly payment of $ 850 on a 30 year $ 80,000 mortgage results in a total cost of interest of $ 306,000. a. True b. False 3) What are the points on a mortgage?
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Balance of Percentage of Appraised Value (in $) Potential Value Percentage First Mortgage Credit (in $) $127,500 70% 2$ $53,400 2$

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