Drill Problem 15-4 (Algo) [LU 15-1 (3)]Use the following amortization chart:Selling priceof home$ 88,000Down payment$ 6,000Principal(loan).$ 82,000Rate ofinterest6.0%Total cost of interestAnswer is complete but not entirely correct.95,120Years30Payment per$1,000$ 5.9955What is the total cost of interest?Note: Do not round Intermediate calculations. Round your answer to the nearest whole dollar.Monthly mortgagepayment$ 491.63

Total cost of interest= Monthly Mortgage Payment* Number of Years * 12 months in a year - Loan…

Use the following amortization chart: Selling price of home $ 88,000 Down payment $ 6,000 Principal (loan) $ 82,000 Rate of interest Years 6.0% 30 Total cost of interest Answer is complete but not entirely correct. $ 95,120 Payment per $1,000 $5.9955 What is the total cost of interest? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Monthly mortgage payment $ 491.63

Use the following amortization chart: Selling price of home $ 88,000 Down payment $ 6,000 Principal (loan) $ 82,000 Rate of interest Years 6.0% 30 Total cost of interest Answer is complete but not entirely correct. $ 95,120 Payment per $1,000 $5.9955 What is the total cost of interest? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Monthly mortgage payment $ 491.63

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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Drill Problem 15-2 (Algo) [LU 15-1 (2)] Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $ 94,000 $ 4,000 6.0 % 30
Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A C
18 .Use the following amortization chart: Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $ 90,000 $ 5,000 $ 85,000 5 1/2% 30 $ 5.67789 $ 482.62 What is the total cost of interest? Note: Do not round intermediate calculations. Round your answer to the nearest cent. Total cost of interest:???
Question: 1533 Ontario St SE, Olympia, WA 98501 Purchase price = Today's Zillow Zestimate ... 1533 Ontario St SE, Olympia, WA 98501 Purchase price = Today's Zillow Zestimate 521500You will pay a down payment = 15% of purchase price 78225Mortgage payments = 30 year fixed loan at 3.8% interest (Loan = 85% of purchase price) 2077Fees to purchase the home = 5% of the purchase price 26075Property taxes are paid all 5 years at the 2019 property tax rate 17890Insurance for the home is $1,000/year 5000The selling price = purchase price * (1+ (% Value (price) estimate change of the last 5 years) (note: this is different process than what is outlined in the video) Fees to sell the home = 5% of the selling price. I need help finding the selling price of this home.
1 Per DETAILS BRECMBC9 11.1.020. Per MY NOTES ASK YOUR TEACHER The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Nominal Time Perlod (years) New Table Factor Principal Interest Compound Rate (%) Compounded Amount $18,000 29 6 annually
MCQ: SHADE answer in MCQ sheet on page 1 1. Which is better, $1 NOW or $1 a year from now? a. Now b. 1 year later C. Same value 2. When borrowing money for a project, the lower the risk the higher the interest rate a. True b. False 3. Calculate the missing value: Interest ($) Principal($) 1,500 Rate Time (months) 2.5°% 7 months a) $21.88 b) $39.96 c) $33.25 d) 20.25 4. Calculate the missing value: Principal($) Rate Time (months) Interest($) 10.25 o 1l months 328.85 a) $5,000 b) $3,499.96 c) $4,533.25 d) None of these 25 ASUS f8D/点) prt sc deletr insert, f7 f10 f11 f12
H3. A loan of $18430 is to be repaid at 4% effective by payments of $1500 at the end of each year for as long as possible and an additional smaller payment X made one year after the last full payment. Calculate X. A 367.68 B 369.17 C 358.25 D 353.54 E 376.99 Please show proper step by step calculation
Check my work 7 Drill Problem 15-6 (Algo) [LU 15-2 (1)] 6.66 Complete the following table: (Use Table 15.1.) (Do not round intermediate calculations. Round your answers to the nearest cent.) polnts First Payment Broken Down Into Balance at end of Selling price Down payment Amount mortgage Years Monthly payment Rate еВook month Interest Principal Ask 156,000 $ 30,000 7.00 % 30 Print References
D ▶ Construct on amortization Schedule for a $275,000, 68% amual rate loan with 30 equal payments. SHTE D
39 Identify the correct formula to calculate the payment for a loan, where the rate is 6%, the loan amount is $2,000, and payments will be made monthly for six years. =PMT(6,6*12,2000) =PMT(.06/12,6*12,-2000) once=1/1b1435-b60f-40fb-ad57-d89084c2075a&launchCode=qe8mtdEeV5pWjPP2nq... =PMT(.06,6*12,-2000) =PMT(.06,6*12,2000)
Find the future value of this loan: $20,862 at 11.4% for 14 months. Group of answer choices A. $23636.65 B. $25657.00 C. $263536.51 D. $40,000.00
QUANT REASONING (105A-... Ⓒ Untitled Assume that you take out a $4000 loan for 30 months at 8.5% APR. What is the monthly payment? (Round your answer to the nearest cent.) W WA Finance 2 - Borrowing Money and Paying Interest - 22/SU INTE.... $ If you make the payment you just calculated every month for 30 months, how much will you have paid altogether? $ $ If you make the payment you just calculated every month for 30 months, what is the dollar amount of interest paid altogether? If you make the payment you just calculated every month for 30 months, what is the percentage of interest paid altogether? Round the percentage to one decimal place. %

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