1. Monthly Payments 2. Mortgage Result Payment and Term Term Summary Calculation Details Summary for $ years Mortgage Amount $ 735,000 Principal paid for Term $132,852.55 Term and Type 5 Years fixed Interest paid for Term $33,108.03 Interest Rate 0.99% Total payment $165,960.58 Amortization 25 years Payment Frequency Monthly Balance at end of Term $602,147.45 Monthly Payment $61,578.95

1. Monthly Payments 2. Mortgage Result Payment and Term Term Summary Calculation Details Summary for $ years Mortgage Amount $ 735,000 Principal paid for Term $132,852.55 Term and Type 5 Years fixed Interest paid for Term $33,108.03 Interest Rate 0.99% Total payment $165,960.58 Amortization 25 years Payment Frequency Monthly Balance at end of Term $602,147.45 Monthly Payment $61,578.95

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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Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,550 5.25% 35 $2122.29 Month Monthly payment Interest Principal End-of-month principal 1 $2122.29 $enter your response here $enter your response here $enter your response here 2 $2122.29 $enter your response here $enter your response here $enter your response here
Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,181 5.50% 35 $2186.63 Question content area bottom Part 1 Month Monthly payment Interest Principal End-of-month principal 1 $2186.63 $enter your response here $enter your response here $enter your response here 2 $2186.63 $enter your response here $enter your response here
This amortization table shows the first 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $160 000.00 $159 685.43 $159 369.08 $159 050.94 1 $1221.62$907.05 $314.57 $1221.62$905.26|$316.35 3 $1221.62$903.47 $318.14 In the amortization table, what percent of the first 3 payments is interest? O a) 74% O b) 26% O c) 33% d) 35%
K Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,292 5.50% 35 $2187.22 Monthly End-of-month Month Interest Principal payment principal 1 $2187.22 2 $2187.22 $ (Round to the nearest cent as needed.)
Using this table as needed, calculate the required information for the mortgage. AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $73,500 8.00% 30 $ $ $
This amortization table shows the first 3 payments and the last 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $120 000.00 $119 746.95 $119 492.58 $119 236.90 $1735.38 $869.43 $1.01 1 $874.94$621.89 $253.05 2 $874.94$620.58 $254.36 3 $874.94$619.26 $255.68 $874.94 $13.46 $861.48 $874.94 $874.94 238 $8.99 $865.95 $4.51 $870.43 239 240 What is the total interest paid over the life of the mortgage?
Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $87,000 5.75% 25 $547.23
This amortization table shows the first 6 payments on a 15-year mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $75 000.00 $594.92$315.42 $279.50 $74 720.50 $594.92$314.24 $280.68 $74 439.82 $594.92$313.06 $281.86 $74 157.96 $594.92$311.87 $283.05 $73 874.91 $594.92$310.68 $284.24 $73 590.68 $594.92$309.49 $285.43| $73 305.25 1 2 3 4 What percent of the mortgage has been paid after 6 payments? a) 2% O b) 3% O c) 98% O d) 5%
Consider the first payment against a $200,000 mortgage that last for 25 years. Fixed repayments are made on a monthly basis. The first row of the amortization schedule is shown below. Payment # Payment Interest 1 d 716.67 2 Debt Payment Balance P1 b₁
Q2. Complete the amortization schedule for the last three payments on a $500,000, 15-year, monthly-pay, 4.2% APR home mortgage. End of Beginning Monthly Month Balance Payment Principal Interest Ending Balance 178 $11,167.99 $3,748.75 $39.09 $3,709.66 $7,458.32 179 $7,458.32 $3,748.75 $26.10 $3,722.65 $3,735.68 180 $3,735.68 $3,748.75 $13.07 $3,735.68 $0.00
Make an amortization table to show the first two payments for the mortgage. Amount of Annual interest rate Years in mortgage Monthly payment mortgage S404,356 5.00% 35 S2040.73 Monthly payment End-of-month Month Interest Principal principal 1 $2040.73 2 $2040.73 2$ (Round to the nearest cent as needed.)
Using this table as needed, calculate the required information for the mortgage. Number Table Monthly Payment (in $) Term Total Amount Interest of $1,000s Financed of Loan Factor Interest Financed Rate (years) (in $) (in $) $74,500 8.00% $| 30

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