GA Real Estate (194)

Current Attempt in Progress Using a financial calculator, solve for the unknowns in each of the following situations (a) On June 1, 2021, Susan Lawrence purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in 5 payments of $16,000 each, the first payment to be payable June 1. 2022. (Assume that interest compounded at an annual rate of 6.60% is implicit in the payments) What is the purchase price of the property? (Round answer to 2 decimal places, s 25.25) The purchase price of the property $ (b) On January 1, 2021, Marigold Corp, purchased 300 of the $1,000 face value, 636 coupon, 10-year bonds of 5plish Brothers Inc. The bonds mature on January 1, 2031, and pay interest annually beginning January 1.2022. Marigold purchased the bonds to yield 9.65% How much did Marigold pay for the bonds? (Round answer to 2 decimal places, eg: 25.25) Marigold pay for the bonds

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6. Loan Amortization Assume that your aunt sold her house on December 31, and to help close the sale she took a second mortgage in the amount of $30,000 as part of the payment. The mortgage has a quoted (or nominal) interest rate of 12%; it calls for payments every 6 months, beginning on June 30, and is to be amortized over 10 years. Now, 1 year later, your aunt must inform the IRS and the person who bought the house about the interest that was included in the two payments made during the year. (This interest will be income to your aunt and a deduction to the buyer of the house.) To the closest cent, what is the total amount of interest that was paid during the first year? Do not round intermediate calculations. Round your answer to the nearest cent. $

Wich is the right answer A thru D ?help

What is the right answer A thru D

Stephen has just purchased a home for $128000 A mortgage company has approved his loan application for a 30-year fixed-rate loan at 4.75 %. Stephen has agreed to pay 30% of the purchase price as a down payment. Find the down payment, amount of mortgage, and monthly payment. LOADING... Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed.   Question content area bottom Part 1 The down payment is about? (Round to the nearest cent as needed.) Part 2 The mortgage amount is about? (Round to the nearest cent as needed.) Part 3 The monthly mortgage payment is about?   (Round to the nearest cent as needed.)

Give typing answer with explanation and conclusion

File Edit View History Bookmarks Window Help 2 DZL Understanding Loans and Simple Interest - 21516 MAT142 Topics In Coll... W DERIVITA Tiana Klughart a) What is the principal of her mortgage? Principal $ Donna wants to buy a house for $900,000.00. She makes a 15% down payment and borrows the rest by getting a 30-year mortgage. Her monthly mortgage payment is $3,803.75. b) What is the total she will pay on the loan? Total $ c) How much interest will she pay over the life of her loan? Total interest $ CHECK ANSWER C #3 E C a d2l.pima.edu D2L 5.2 Understanding Loans and Simple Interest - 21516 MAT142 Topics... $ 4 R 45 % T () > 6 3 MacBook Pro Y & 7 U 8 Question 4 of 15 A DZL Chapter 5.2 - 21516 MAT142 1 9 www BACK Help Question 1 10 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 11 Question 12 Question 13 Question 14 Question 15 Question 10 1 Summary 0 NE 0 10 10 1 1 1

Accounting you are considering purchasing new solve this question

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(Loan amortization) On December​ 31, Beth Klemkosky bought a yacht for ​$70, 000. She paid ​$14, 000 down and agreed to pay the balance in 11 equal annual installments that include both the principal and 11 percent interest on the declining balance. How big will the annual payments​ be? Question content area bottom Part 1 a. On December​ 31, Beth Klemkosky bought a yacht for ​$70, 000 and paid ​$14,000 ​down, how much does she need to borrow to purchase the​ yacht? ​$ 56000 ​(Round to the nearest​ dollar.) Part 2 b. If Beth agrees to pay the loan plus 11 percent compound interest on the unpaid balance over the next 11 years in 11 equal​ end-of-year payments, what will those equal payments​ be? ​ ​(Round to the nearest​ cent.)

Explanation it correctly and not use excel

! Required Information [The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2. (Leave no answer blank. Enter zero if applicable.) a. Assuming year 1 is 2017, how much interest would the Sanchezes deduct in year 2? Maximum deductible interest expense 賽賽 事

#4 Derek borrows $295,012.00 to buy a house. He has a 30-year mortgage with a rate of 4.49%. After making 88.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity

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An investor buys a property for $691,000 with a 25-year mortgage and monthly payments at 7 4% APR After 18 months the investor resells the property for $756,910 How much cash will the investor have made from the sale, once the mortgage is paid off? OA. $64,878 OB. $162,195 OC. $113,536 OD. $81,097

Current Attempt in Progress Emily, Bev, and Doug had originally thought that the computer equipment upgrade that ABC decided to undertake could be paid for with cash in the bank. As at June 25, 2024, the balance of the 5% mortgage payable after making the payment on that day was $44,796. Monthly principal and interest instalment payments are $626, paid on the 25th of each month. The mortgage is up for renewal on November 25, 2024. Because interest rates have fallen since the original mortgage was signed, it can be renewed at an interest rate of 4%. In addition, Emily has decided to reduce the mortgage term to five years, instead of the seven years remaining. The ABC upgraded its server and other computing equipment. Unfortunately, there was not enough cash to pay for the equipment. ABC arranged for a $40,000 operating line of credit with its bank, using $23,000 of this line to finance this upgrade. Emily would like to pay off the operating line of credit by transferring the $23,000…