A house that you are interested in has the following facts listed online: Price = $214,000 APR = 1.15% Down Payment must be 9.5% Loan time frame is 35 years The Loan you must take out is 193670 What is the Monthly price you must pay on this house

Q: XYQ Co. believes the following probability distribution exists for its stock. What is the…

A: Formulas:

Q: You want to buy a $210,000 home. You plan to pay $10500 as a down payment, and take out a 30 year…

A: The loan amount would be the remaining amount after deducting the down payment from the purchase…

Q: ou want to buy a $224,000 home. You plan to pay 15% as a down payment, and take out a 20 year loan…

A: Monthly payments on an amortized loan refer to a fixed amount of money that a borrower pays each…

Q: You are purchasing a home for $150,000 at an 8% APR.  Your loan period is 360 months.  If your…

A: Given Cost of home is $150,000 APR is 8%Loan period is 360 Payment is $1,100.65

Q: You want to buy a $255,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…

A: Amount of home = $255,000 Down payment = 5%  The time duration of the loan = 30 years

Q: You have a 30-Year mortgage loan for $300,000 with an interest rate of 6%  If you want to pay off…

A: Mortgage refers to the loan availed against the purchase of the real estate. Mortgage repayment…

Q: Suppose you want to buy a $145,000 home. You found a bank that offers a 30-year loan at 3.1% APR.…

A: The concept of time value of money will be used and applied here. When we take a loan or a mortgage…

Q: You need to borrow $750,000 to purchase a new house. JRE bank will loan you the money at an APR of…

A: Amortization of loan refers to the regular and systematic repayment of the loan amount along with…

Q: P LIC Use PMT= to determine the regular payment amount, rounded to the nearest dollar. The price of…

A: A mortgage is a type of loan that is linked to real estate. It is a form of a secured loan on the…

Q: Suppose you want to buy a $144,000 home. You found a bank that offers a 30-year loan at 3.3% APR.…

A:

Q: A home purchaser need to borrow $500,000 to finance their new home. The buyer believes they will…

A: A borrower can acquire a sort of prepaid interest or fees known as a mortgage point, often referred…

Q: two choices. Choice 1: 30-year fixed rate at 6 % with closing costs of $1800 and no points. Choice…

A: Housing loans are refer as the amount of money borrowed from financial institution or bank to…

Q: Suppose you want to buy a $146,000 home. You found a bank that offers a 30-year loan at 5.3 % APR.…

A: Amount of Loan is $146,000 Time period is 30 years Interest rate is 5.3% To Find: Monthly payment…

Q: You need to have $25000 for a down payment on a house in 5 years. If you can earn an annual interest…

A: Concept is of present value. Present value is the current value of a future cash flow at a specified…

Q: A new furniture set costs $ 3200. If you make a down payment of $ 400 and finance the rest at a rate…

A: Repayment amount refers to the total amount taht is being paid for the repayment of the amount…

Q: If you want to buy a car, and you can afford a monthly payment of $425, how large of a loan can you…

A: Using excel PV function to get the loan amount

Q: Suppose that the seller of a home has accepted your offer of $175,900 to purchase the home.Suppose…

A: A mortgage loan is a loan that is used by an individual to raise funds to purchase a home and other…

Q: You purchase a home for $434,000 by making a down payment of 15% and financing the remaining amount…

A: A mortgage refers to a covered loan that is borrowed for the purchase of a property, which itself…

Q: You are interested in purchasing a new home for $200,000, but you need to save 20% of the price to…

A: Data given: Price of new home=$200,000 Savings=20% of Price of new home APR=9% n=5 years   Required:…

Q: If you lend $3000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Futre value of loan is calculated as follws:-FV= A+IwhereFV= future value of loanA= Amount of loan I…

Q: You are considering buying a house with a 15-year amortized mortgage loan. The value of the house is…

A: To find the repayment of principal in the third month of a 15-year mortgage loan, we first need to…

Q: When purchasing a $210000 house, a borrower is comparing two loan alternative. The first loan is a…

A: The problem case focuses on comparing the two loan alternatives to buy the home and calculating the…

Q: Use the following to solve questions a. and b. with an excel spreadsheet  A house with price of…

A: See the answer in the explanation field.Explanation:Answer information:Step 1:Provided:It is assumed…

Q: You need a loan of $130,000 to buy a home. Calculate your monthly payments and total closing costs…

A: Loan refers to the amount borrowed from the financial institution against which the borrower is…

Q: You want to buy a $251,000 home. You plan to pay 5% as a down payment and take out a 30-year loan…

A: A mortgage refers to a loan against the purchase of a house. Mortgage repayment requires the…

Q: You wish to purchase a home for $500,000. You will make payments of $30,000 at the end of every year…

A: The present value of an annuity is the value today of a series of equal payments that are made at…

Q: You have $25,000 available for a down payment on your new home. You have determined that you can…

A: Down Payment = 25,000 Monthly Payment = 1,250 Rate = 4%/12  per month Time Period (N) = 360 months…

Q: A couple wants to buy a $32.000 car and can bonow the money lor the puechase at 8%, payingtofin3 4,…

A: If car is financed over 3years, the payment is P(3)=$1002.77 It's meaning is that, the couple has to…

Q: home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss…

A: Monthly payments refer to the specified amount that a borrower is required to repay on a loan each…

Q: A new furniture set costs $ 2100. If you make a down payment of $ 300 and finance the rest at a rate…

A: In this question the monthly payment is to be find for the loan. Loan can be calculated by deducting…

Q: Monthly amortization schedule. Sherry and Sam want to purchase a condo at the coast. They will spend…

A: Loan amount Interest rate Years of Loan   $6,10,000.00 7.4% 20           Answer (a)  Monthly…

Q: Suppose you want to buy a $141,000 home. You found a bank that offers a 30-year loan at 3.7% APR.…

A: Given Information:Amount is $141,000 Number of years is 30 APR is 3.7%

Q: You purchase a home and secure a 30 year equal payment loan for $200,000 at a interest rate of 5.25%…

A: The number of months to stay will be around 6 months.

Q: You have decided to purchase a new car that costs $44,500. You need to make a 20% down payment, then…

A: Present value of annuity is computed as follows:-PV = A * wherePV = Present value of annuityA =…

Q: consider purchasing a car that has a price of $18,700. You make payments for 6 years at an APR of…

A: A loan is a sum of money that is borrowed from a lender, with the agreement to repay the principal…

Q: You want to buy a new house.  You can afford to pay $15,000 per year for 30 years with the first…

A: Annual payment (A) = $15000 n = 30 years r = 3%

Q: A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75…

A:

Q: You need a loan of $150,000 to buy a home. Calculate your monthly payments and total closing costs…

A: An annuity is a series of equal cash flows discounted at an assumed interest rate over a specified…

Q: payment necessar se a home, a family Round the answer

A: Payment per period can be calculated using PMT function in excel.PMT(rate, nper, pv, [fv],…

Factors Affecting Housing Decision