Find the indicated amounts for the fixed-rate mortgages. Monthly payment Mortgage рayment Purchase Total Down Mortgage Interest payment amount Interest price of home paid for mortgage Years rate paid per $1,000 $85,000 $8,000 6.00% 25 Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount finar The mortgage amount is $ (Round to the nearest dollar as needed.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Years
Annual interest rate
financed 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75%
5.00% 5.25% 5.50% 5.75% 6.00% 6.25%
6.50% 6.75%
9.66
10.73
10.98
11.35
9.89
8.51
11.10
9.76
10
9.77
10.01
10.12
10.24
10.36
10.48
10.61
10.85
11.23
11.48
12
8.28
8.40
8.76
8.88
9.50
8.63
7.27
9.00
9.12
7.78
7.15
9.25
9.37
9.63
9.89
10.02 10.15
15
6.91
7.03
7.15
7.40
7.52
7.65
7.91
8.04
8.17
8.30
8.44
8.57
8.71
8.85
17
6.26
6.39
6.51
6.64
6.76
6.89
7.02
7.29
7.42
7.56
7.69
7.83
7.97
8.11
8.25
5.55
6.46
6.11
5.70
5.22
4.89
20
5.67
5.80
5.93
6.06
6.19
6.33
6.60
6.74
6.88
7.31
7.02
6.68
6.29
7.16
7.46
7.60
22
5.18
5.31
5.44
5.57
5.70
5.84
5.97
6.25
6.39
6.54
6.83
6.98
7.13
7.28
25
4.74
4.87
5.01
5.14
5.28
5.42
5.56
5.85
5.99
6.14
6.44
6.60
6.75
6.91
30
4.22
4.35
4.49
5.07
6.49
4.63
4.28
4.77
4.92
5.37
5.52
5.68
5.84
6.00
6.16
6.32
35
3.85
3.99
4.13
4.43
4.58
4.73
5.05
5.21
5.37
5.54
5.70
5.87
6.04
6.21
Transcribed Image Text:Years Annual interest rate financed 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 9.66 10.73 10.98 11.35 9.89 8.51 11.10 9.76 10 9.77 10.01 10.12 10.24 10.36 10.48 10.61 10.85 11.23 11.48 12 8.28 8.40 8.76 8.88 9.50 8.63 7.27 9.00 9.12 7.78 7.15 9.25 9.37 9.63 9.89 10.02 10.15 15 6.91 7.03 7.15 7.40 7.52 7.65 7.91 8.04 8.17 8.30 8.44 8.57 8.71 8.85 17 6.26 6.39 6.51 6.64 6.76 6.89 7.02 7.29 7.42 7.56 7.69 7.83 7.97 8.11 8.25 5.55 6.46 6.11 5.70 5.22 4.89 20 5.67 5.80 5.93 6.06 6.19 6.33 6.60 6.74 6.88 7.31 7.02 6.68 6.29 7.16 7.46 7.60 22 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.25 6.39 6.54 6.83 6.98 7.13 7.28 25 4.74 4.87 5.01 5.14 5.28 5.42 5.56 5.85 5.99 6.14 6.44 6.60 6.75 6.91 30 4.22 4.35 4.49 5.07 6.49 4.63 4.28 4.77 4.92 5.37 5.52 5.68 5.84 6.00 6.16 6.32 35 3.85 3.99 4.13 4.43 4.58 4.73 5.05 5.21 5.37 5.54 5.70 5.87 6.04 6.21
Find the indicated amounts for the fixed-rate mortgages.
Monthly
payment Mortgage
per
$1,000
Purchase
Total
Down Mortgage Interest
Interest
price of
home payment amount
paid for
mortgage
Years
rate
payment
paid
$85,000 $8,000
| Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed.
6.00%
25
The mortgage amount is $
(Round to the nearest dollar as needed.)
Transcribed Image Text:Find the indicated amounts for the fixed-rate mortgages. Monthly payment Mortgage per $1,000 Purchase Total Down Mortgage Interest Interest price of home payment amount paid for mortgage Years rate payment paid $85,000 $8,000 | Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 6.00% 25 The mortgage amount is $ (Round to the nearest dollar as needed.)
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