As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.)Termof Loan(years)AnnualMonthlyPITIAmountInterestMonthlyPIPropertyAnnualInsuranceFinancedRateTax$124,7006.75%15$2,370$1,355Prepare an amortization schedule for the first 3 payments (in $) of a $78,000 mortgage at 5% for 20 years. Use this table. (Round your answers to the nearest cent.)Payment Number Monthly Payment Monthly Interest Portion Used to Reduce PrincipalLoan Balance$|$|124242%24Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.)TableMonthlyPayment(in $)TermNumberTotalAmountInterestof $1,000sFinancedof LoanFactorInterestFinancedRate(years)(in $)(in $)$162,3007.25%15$$$

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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in s), using this table and the monthly PETI (in $) for the mortgage. (Round dellars to the nearest cent.) Term Annual Annual Monthly PITI Amount Interest Monthly PI of Loan Property Тах Financed Rate Insurance (years) $124,700 6.75% 15 $2,370 $1,355

As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in s), using this table and the monthly PETI (in $) for the mortgage. (Round dellars to the nearest cent.) Term Annual Annual Monthly PITI Amount Interest Monthly PI of Loan Property Тах Financed Rate Insurance (years) $124,700 6.75% 15 $2,370 $1,355

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) Term Annual Amount Interest of Loan Monthly Property Annual Monthly Financed Rate PI Insurance PITI (years) Тах $240,000 7.50% 25 $6,513 $2,156 $
As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) Annual Term of Loan (years) Amount Interest Monthly Annual Monthly Property Financed Rate PI Insurance PITI Таx $260,000 9.50% 25 $6,543 $2,126
As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) Amount Interest Financed Rate $121,700 6.75% Term of Loan (years) 15 Monthly PI Annual Property Tax $2,340 Annual Insurance $1,355 $ Monthly PITI
As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) Amount Financed Interest Rate $123,700 6.75% Need Help? Read It Term of Loan (years) 15 $ Monthly PI Annual Property Tax $2,370 Annual Insurance $1,355 $ Monthly PITI
Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $168,300 7.25% 15 168.3 $ $ $
H Amount Financed As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) $240,000 Rate (%) 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 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 9.50 9.75 10.00 10.25 10.50 10.75 11.00 11.25 11.50 11.75 12.00 12.25 12.50 12.75 13.00 Interest Rate 7.50% Years 18.19 18.30 18.42 18.53 18.64 18.76 18.87 18.99 19.10 19.22 19.33 19.45 19.57 19.68 19.80 19.92 20.04 20.16 20.28 20.40 20.52 20.64 20.76 20.88 21.00 21.12 21.25 21.37 21.49 21.62 21.74 21.87 21.99 22.12 22.24 22.37 22.50 22.63 22.75 Term of Loan (years) 51 25 $ 1,773.60 Years 9.89 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 11.61 11.74 11.87 12.00 12.13 12.27 12.40 12.53 12.67 12.80 12.94 13.08 Monthly PI 13.22 13.35 13.49 13.63 13.78 13.92 14.06 14.20 14.35 14.49 14.64 14.78 14.93…
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 $) $89,500 8.00% 30 $ $ $
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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) Amount Financed = 220,00 Interest Rate = 3.50% Term of Loan (years) 25 Annual Property Tax = 6,513 Annual Insurance = 2,186 Solving for the following: Monthly PI Monthly PITI
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