You can afford a $1350 per month mortgage payment. You've found a 30 year loan at 8% interest.a) How big of a loan can you afford?$b) How much total money will you pay the loan company?$c) How much of that money is interest?

How large a principal can you afford if you are getting a 30 year mortgage at 4% and can afford a $1500 payment per month? $

You can afford a $1500 per month mortgage payment. You've found a 30 year loan at 5.7% interest.a) How big of a loan can you afford? (Round to the nearest cent, as needed.)b) How much total money will you pay the loan company? (Round to the nearest cent, as needed.)c) How much of that money is interest? (Round to the nearest cent, as needed.)

You get a personal loan from the bank for $10,500, the interest rate you are charged is 8% for two years. What interest do you pay the bank?

C. ich total money will you pull out of the account? account at the beginning How much of that money is interest? 19. You can afford a $700 per month mortgage payment. You've found a 30 year loan at 5% interest. a. How big of a loan can you afford? b. How much total money will you pay the loan company? How much of that money is interest? C. down payn

You purchase a home for $400,000 and make a down payment of $125,000. The balance is borrowed and financed as follows: 4 year mortgage, 5% interest, paid as an ordinary annuity. How much total interest is paid on the loan?

Suppose that you borrow $200,000 in the form of a 12-year loan with an annual interest rate of 6% with monthly payments and monthly compounding. How much principal will you pay in the last year of the loan? Please describe how to solve using a financial calculator thank you.

Please build an excel spreadsheet and show the formulas  to answer a. through g. using the information below You bought a house with price of $250,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%. Assuming the total transaction cost is $10,000. a. What is your loan amount? b. What is your monthly payment? c. What will be the loan balance at the end of nine years? d. What is the effective borrowing cost if the loan will be prepaid at the end of nine years? e. In the monthly payment, how much you pay for the principle and how much you pay for the interest in the 1st and the 2nd month? f. What will be your interest payments for the first 5 years (year 1 to year 5) and the last 5 years (year 26 to year 30)? g. What is your annual percentage rate (APR)?

You want to buy a $130,000 home. You plan to pay 5% as a down payment, and take out a 30 4.65% interest for the rest. The bank will charge 1.5 points on the amount financed. year loan at a) What is the amount of the down payment? b) How much is the loan amount going be? c) What will be the amount charged for 1.5 points? 1 point is 1 % of the mortgage amount d) Find the amount of the monthly payment. (Do not add the cost of the points to the loan amount) Hint: click here

You can afford a $800 per month mortgage payment. You've found a 30 year loan at 8%6 interest a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest?