A mortgage of $656,000 is amortized over 25 years by making end-of-month payments of $4,120. Your calculator must be set to 2 decimals before doing any calculations that are going to involve Amortization. a.) What is the annual rate of interest compounded semi-annually? (Correct to exactly 4 decimal places.) Once you have seen what this is, to 4 decimal places, set your calculator back to 2 decimal places before using the AMORT function. b.) What is the value of the final (partial) payment? The final payment required to make the outstanding balance equal exactly zero. (Use the BAII+: Do not calculate this by hand.) c.) What is the total interest cost for the debt over 25 years (300 payments)? (Use the BAII+: Do not calculate this by hand.)

The following loan is a simple interest amortized loan with monthly payments. (Round your answers to the nearest cent.) $4000, 9 1/2%, 4 years   (a) Find the monthly payment.(b) Find the total interest.

Find the monthly payment needed to amortize a typical $90,000 mortgage loan amortized over 30 years at an annual interest rate of 3.3% compounded monthly. (Round your answers to the nearest cent.)$ Find the total interest paid on the loan.$

What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time value) on the following house mortgage? Loan amount is $175,000 with an interest rate of 6.4% per annum, term of 30 years, and monthly payments. (Round to nearest penny and enter, for example, as 123456.78) Answer:

If a mortgage has monthly payments of $1,315, a life of 30 years, and a rate of 4.25 percent per year, what is the mortgage amount? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Mortgage amount

Consider a home mortgage of $125,000 at a fixed APR of 4.5% 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. ..... a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Please eolve this question on excell and show formulas please.

Use chart.

5) You have a 25-year $800,000 mortgage that you make monthly payments on. The quoted rate of is 4.54% compounded semi-annually. Show the amortization table for the first 3 payments. How much interest payments have you done after the first 3 payments. What is the balance of the loan at the end of year 12?

A fully amortizing mortgage loan is made for $109,000 at 6 percent interest for 20 years. Required: a. Calculate the monthly payment for a CPM loan. b. What will the total of payments be for the entire 20-year period? Of this total, how much will be the interest? c. Assume the loan is repaid at the end of eight years. What will be the outstanding balance? How much total interest will have been collected by then? d. The borrower now chooses to reduce the loan balance by $5,900 at the end of year 8. 1. What will be the new loan maturity assuming that loan payments are not reduced? 2. Assume the loan maturity will not be reduced. What will the new payments be? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the monthly payment for a CPM loan. Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar. Monthly payment