9-21 Quiz

Question 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 # 1 2 Payment d Interest 716.67 ... Debt Payment P1 Calculate d, the fixed monthly payments that are made. Round your answer to the nearest cent. Balance b₁ Ih

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list K Complete the first month of the amortization schedule for a fixed-rate mortgage. Complete parts (a) through (d). Mortgage: $103,000 Interest rate: 5.5% Term of loan: 15 years Click the icon to view the Real Estate Amortization Table. Complete the first payment of the amortization schedule. (Do not round until the final answer. Then round to the nearest cent as needed.) Amortization Schedule Payment Number 1 Total Payment (a) $841.60 Interest Payment ... (b) $472.03 Principal Payment (c) $369.57 Balance of Principal Save (d) $472.03

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

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

ONLINE 721757 K Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage: $110,000 Interest rate: 6.5% Term of loan: 25 years Click the icon to view the Real Estate Amortization Table. Payment Number 1 Amortization Schedule Total Payment Interest Payment Principal Payment Balance of Principal (a) $ (b) $ (b) $ (d) $

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Fl in an amortization table (in dollars) for a loan of $8,500 to be paid back over 2 years, at an annual interest rate of 1.3, compounded quarterly. For eech value in the table, round your answer to the nearest cent and use this value to calculate the next value. Payment number Payment amount Payment amount to interest Payment amount to debt Outstanding principal S0.500 13 14

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A fully amortizing mortgage loan is made for $84,000 at 6 percent interest for 25 years. Payments are to be made monthly. Required: a. Calculate monthly payments. b. Calculate interest and principal payments during month 1. c. Calculate total principal and total interest paid over 25 years. d. Calculate the outstanding loan balance if the loan is repaid at the end of year 10. e. Calculate total monthly interest and principal payments through year 10. f. What would the breakdown of interest and principal be during month 50?

A fully amortizing mortgage loan is made for $99,000 at 6 percent interest for 25 years. Payments are to be made monthly. Required: a. Calculate monthly payments. b. Calculate interest and principal payments during month 1. c. Calculate total principal and total interest paid over 25 years. d. Calculate the outstanding loan balance if the loan is repaid at the end of year 10. e. Calculate total monthly interest and principal payments through year 10. f. What would the breakdown of interest and principal be during month 50? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What would the breakdown of interest and principal be during month 50? (Do not round intermediate calculations. Round final answers to 2 decimal places.) Interest payment Principal payment

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.)

Amortization schedule                       Loan amount to be repaid (PV) $25,000.00         Interest rate  (r) 11.00%         Length of loan (in years) 3                     a.  Setting up amortization table   Formula       Calculation of loan payment   #N/A                   Year Beginning Balance Payment Interest Repayment of Principal Remaining Balance 1           2           3                       b.  Calculating % of Payment Representing Interest and Principal for Each Year           Year Payment % Representing Interest Payment % Representing Principal Check:  Total = 100%     1           2           3                       Formulas           Year Beginning Balance Payment Interest Repayment of Principal Remaining Balance 1 #N/A #N/A #N/A #N/A #N/A 2 #N/A #N/A #N/A #N/A #N/A 3 #N/A #N/A #N/A #N/A #N/A             b.  Calculating % of Payment Representing Interest and Principal for Each Year           Year Payment %…

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Loan Receivable and Receivable Financing Activity 1: Problems Problem 1: PDR Bank granted a loan to a borrower on January1, 2020. The interest on the loan is 10% payable annually starting December 31, 2020. The loan matures in three years on December 31, 2022. Principal amount Origination fee charged againstthe borrower Direct origination cost incurred Indirect origination costs 2,000,000 171,050 75,000 15,000 After considering the origination fee charged againstthe borrower and the direct origination costincurred, the effective rate on theloan is 12.5%. Q1. The carrying amount oftheloan on January 1, 2020: is Q2: The journal entries on January 1,2020: Problem 2: LSB granted a loan to the borrower on January1, 2020. The interest on the loan is 8% payable annually starting December 31, 2020. Theloan matures in three years on December 31, 2022. Principal amount Origination fee charged against the borrower Direct origination cost incurred 1,500,000 50,000 130,150 After considering the…

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

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Ttme Value of of Money Tim wants to borrow $400,000 from Bank of America on a 30-year mortgage. a. What would Tim's monthly payments be on his motgage? b. Amortize the loan and determine: Interest expense for the first quarter of the loan. Cash flows for the first quarter of the loan. Loan balance at the end of the first quarter of the loan. Please show your calculations, part b is very important. If you are using the TVM chart, please state whether you used PVoA, FVoA, PVoSA, FVoSA.

QUESTION ONEA fully amortizing mortgage loan is made for sh.100,000 at 6 percent interest for 20 years.Required;Calculate the monthly payment for a CPM loan.What will the total of payments be for the entire 20-year period? Of this total, how much will be interest?Assume the loan is repaid at the end of 8 years. What will be the outstanding balance? How much total interest will have been collected by then?The borrower now chooses to reduce the loan balance by sh.5,000 at the end of year 8.What will be the new loan maturity assuming that loan payments are not reduced?Assume the loan maturity will not be reduced. What will the new payments be?

Required information A-1 Mortgage makes loans with the interest charged on the loan principal rather than on the unpaid balance. Consider a 6-year loan of $10,000 at 15% per year. If interest is charged on the unrecovered balance, what equal annual payment would be required to complete the repayment of the loan in 6 years? The equal annual payment required is $