A mortgage of $26, 252.00 is to be repaid by making payments of $ 1368.00 at the end of each year. If interest is 5% compounded annually, what is the term of the mortgage? State your answer in years and months ( from 0 to 11 months) . The term is □ year(s) and month(s) .
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- A mortgage of $161000 is to be repaid by making payments of $1191 at the end of each month. if interest is 3.62% per annum compounded semi-anually what is the term of the mortgage? State your answer in years and months (from 0 to 11 months).A mortgage of $27,728.00 is to be repaid by making payments of $1680.00 at the end of every three months. If interest is 9% compounded quarterly, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term is year(s) and month(s).A mortgage of $177,000 is to be repaid by making payments of $1064 at the end of each month. If interest is 3.18% per annum compounded semi-annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term of the mortgage is year(s) and month(s).
- A mortgage of $166,000 is to be repaid by making payments of $1061 at the end of each month. If interest is 3.46% per annum compounded annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months).A mortgage of $106,000 is to be repaid by making payments of $1154 at the end of each month. If interest is 3.08% per annum compounded annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term of the mortgage is | year(s) and ☐ month(s).A mortgage has the following terms: Amount: $750,000 Rate: 6.25% Amortization (Years): 30 Term (Years): 20 Please determine the following: What is the Monthly Payment? In preparing an Income Statement, what is the Interest Expense for years 1 – 5? What is the Principal Balance at the end of year 6? What is the value of the loan at the expiration? If rates remain constant (flat), what would the benefit be to refinance this loan after year 10? do all the questions 1-5 and show the formulas in excel and show how you got it
- A 21-year mortgage is amortized by making payments of $3052.61 at the end of every three months. If interest is 8.45% compounded annually, and you want to know what was the original mortgage balance? Find p (the equivalent rate of Interest per payment period) Select one: a. 0.015075125 b. 0.0055556 O c. 0.024329 d. 0.0204868 e. 0.0078846A 25-year mortgage requires payments of $3,712.70 at the end of each three months. If interest is 2% compounded monthly, a) what was the mortgage principal? $ b) what would be the amount of interest charged? $A mortgage of $161000 is to be repaid by making payments of $1191 at the end of each month. if interest is 3.62% per annum compounded semi-anually what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). Please give me only correct answer someone give me incorrect answer. Otherwise i dislike.
- Consider a home mortgage of $225,000 at a fixed APR of 3% for 25 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.Consider a home mortgage of $150 comma 000 at a fixed APR of 4.5 % for 20 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.A 30-year mortgage requires payments of $5,455.84 at the end of each month. If interest is 3.23% compounded semi-annually, a) what was the mortgage principal? b) what would be the amount of interest charged? LA