Finozest Solutions wish to purchase an apartment in Kabulonga which is situated in a tree-lined avenue. The purchase price, with costs, is K710,000 and it is able to obtain a 100% mortgage loan at an interest rate of 6%, interest compounded monthly. The term of the loan is 20 years. The property values are expected to rise at a rate of 9% per year (0.75% per month). Finozest Solutions will be able to rent out the apartment after costs at a rate of K4,000 per month for the first year. Interest and rent are payable at the beginning of each month. Required: What is the expected value of the apartment in 20 years-time? What is the mortgage loan repayment at the beginning of each month? What is the net amount that Finozest

The price of a condominium is $187,000. The bank requires a 5% down payment and one point at the time of closing. The cost of the condominium is financed with a 30-year fixed-rate mortgage at 6.5%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below. PMT = a. Find the required down payment. $9350 b. Find the amount of the mortgage. $177650 c. How much must be paid for the one point at closing? $1776 (Round to the nearest dollar as needed.) d. Find the monthly payment (excluding escrowed taxes and insurance). More Enter your answer in each of the answer boxes. 11:12 PM O Type here to search 81°F Mostly cloudy 22 99+ 6/30/2021 DELL F3 F4 FS F6 F7 F8 F9 F10 F11 F12 PrtScr Insert Delete కలnn Home Num $4 %24 & Backspace 8. R T K Enter (凸)

You want to buy a car, and the local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months) and the nominal interest rate will be 12%. The interest will be paid monthly. What will be the monthly loan payment? draw a time line and identify the known variables and unknown variables as if you were to input in EXCEL.

You can purchase a new duplex for $2,000,000. The bank has quoted her an 75% LTV. The loan would be amortized for 30 years, the annual interest rate is 5.5%. The annual NOI is $175,000. Determine the monthly payment of the loan using the PMT function in excel O 137,610.78 11,355.78 O140,137.54 O 11,000,000.00