Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Fast pls solve this question correctly in 5 min pls I will give u like for
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Dave currently makes monthly payments towards a 22-year mortgage of $260000 with an interest rate of 14.4% compounded monthly. After making the 69th payment, Dave refinanced his mortgage at an interest rate of 8.4% compounded monthly. If he still makes the same monthly payments, how many number of payments of full payments are required to pay of the remainder of the loan? How large will Dave's final drop payment be?
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- Please solve very soon completelyarrow_forwardFast pls solve this question correctly in 5 min pls I will give u like for sure Surbharrow_forwardMortgage, part 1 (The Loan)5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest with a 30 year mortgage with a rate of 4.65%. How much was the down payment? How much of the purchase price did you finance with the loan? What is your monthly payment? Use solver. Clearly write the formula you will use as well as all values used in the formula. How much of the loan is left to pay after the first 5 years? Use solver. Clearly write the formula you will use as well as all values used in the formula. How much did you pay to the lender (total) over the first 5 years? How much of what you paid to the lender in the first 5 years was interest? If you paid this loan for all 30 years, how much interest would you pay?arrow_forward
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