mod 5 fin 250

6. Chos Financial Planning Exercise B eBook Chapter 5 Financial Planning Exercise Home affordability analysis Use Worksheet 5.3. Rachel and Alexander Harrison need to calculate the amount they can afford to spend on their first home. They have a combined annual income of $67,500 and have $37,000 able for a d payment and closing costs. The Harmsons estimate that homeowner's insurance and property taxes will be $225 per month. They expect the mortgage lender to use a 30 percent of monthly gros cone) mortgage Worksheet payment affordability ratie, to lend at an interest rate of 6 percent on a 30 year mortgage, and to require a 10 percent down payment. Based on this information, use the home affordability analysis form i 5.3 to determine the highest priced home the Harrisons can afford. Assume that closing costs are one-half of the down payment. Round the answer to the nearest dollar

Question 9 Read the problem carefully and use UPS Check to solve the problem. Show your mathematical thinking and record your final solution. Part of the agreement between your spouse and yourself for purchasing a larger house than you could currently afford was that you would build a garden and sell produce to make some extra money. Your plan is that the garden proceeds will cover 20% of your $1,500 mortgage payment for four months during the year. The Homeowner association has recently reinforced that 'food-production' space must be in the backyard and may not consume more that 20% of the backyard. If your backyard is 60' x 130', how many dollars per garden square foot will you need to average per production month in order to meet your planned mortgage reduction? Your answer: O $1.35 per square foot O $0.96 per square foot O $0.38 per square foot $0.19 per square foot

Thankyou for answering the first two parts can you please give the solution for subpart c and d

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Request edit access SH 9. You are going to buy your first house, you have saved $4,000 to put down and have been qualified for a 20 or 30 year loan at a rate of 4.5% interest. You are recently out of college and not making much money yet so you want to keep your monthly payment low. You can afford a monthly payment of $900. a. What price house could you afford if you did a 20 year loan? b. What price house could you afford if you did a 30 year loan? c. You decide to do the 30yer loan. After 10 years you sell your home for $220,000 and pay off the rest of the loan on your house how much money do you make?

11. Can I afford this home? - Part 1 Can Valerie and Shen afford this home using the monthly income loan criterion? Next week, your friends Valerie and Shen want to apply to the Tenth National Bank for a mortgage loan. They are considering the purchase of a home that is expected to cost $155,000. Given your knowledge of personal finance, they've asked for your help in completing the Home Affordability Worksheet that follows. To assist in the preparation of the worksheet, Valerie and Shen also collected the following information: • Their financial records report a combined gross before-tax annual income of $85,000 and current (premortgage) installment loan, credit card, and car loan debt of $1,240 per month. • Their property taxes and homeowner's insurance policy are expected to cost $3,488 per year. • Their best estimate of the interest rate on their mortgage is 7.5%, and they are interested in obtaining a 15-year loan. They have accumulated savings of $38,500 that can be used to…

ok t nces Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $500 to help establish a small business; her neighbor Riley would like to borrow $515 as a personal loan. One year from now, Amber's original investment will be returned in either case, along with $45 of income from Simone or $48 of income from Riley. Amber can make only one investment. Required: a. 1. Compute the ROI of Simone and Riley. 2. Which investment would you advise Amber to make? b. What other factors should you advise Amber to consider before making either investment? Complete this question by entering your answers in the tabs below. Req A1 Req A2 and B Compute the ROI of Simone and Riley. Note: Round your answers to 2 decimal places. Simone Riley ROI % % Show less A

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tion □ [myUT 1 ovide your answer below: N Module 2.5: Understanding ALT Courses CURRENT OBJECTIVE Calculate the monthly payment and interest cost for a mortgage Question A mutual fund manager wishes to purchase a property that's been valued at $1.5 m. She has $200,000 in cash to use as a deposit, and she will require a mortgage for the rest. The annual interest rate on the loan is 2.45% and the loan is for 25 years. Calculate the monthly payments. Round your answer to the nearest cent. Do NOT round until you have calculated the final answer. X C knewton.com V B Module 2.5: Understanding & in N FEEDBACK 3 V- Content ALT MORE INSTRUCTION A + 2.1 FN 88 11 SUB SHIFT 4

The question is how do I make the Excel Tables correctly before trying to plot the remaining units and get by solving those in the spreadsheet?

Friend #3 – Home Mortgage Payment – I found my dream house in St. Paul but I am not sure I can afford it? I have the $15,000 for the down payment but it is the monthly payments that I am not sure about? What will my monthly payments be? Selling price: $215,000 Down payment: $15,000 Loan: 30-year $200,000 loan at 6% A. В.

46-50 When you are planning to buy a house or property mostly you will take mortgage loans. But you may think first of the finance charge or interest that will cost you to own it and you will commit to making monthly payments. Do you think that mortgage loans will be helpful or it can be a burden because of your commitment to pay the monthly payments? Why?

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Question a Tori is planning to buy a car. The maximum payment she can make is $3400 per year, and she can get a car loan at her credit union for 7.3%interest. Assume her payments will be made at the end of each year 1–4. If Tori’s old car can be traded in for $3325, which is her down payment, what is the most expensive car she can purchase? Full explain this question and text typing work only     We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this lin

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help  please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!

View History Bookmarks Bookmarks Window Help rtized Loans - 21516 MAT142 Topics In College Math DERIVITA Tiana Klughart $ CHECK ANSWER O John is looking for a new car. He has a down payment of $1,750.00 and wants to pay $450.00 per month for 4 years. The best deal he found for an amortized loan is his local bank, at a rate of 2.75%. What is the highest price car he should consider buying? 7 a $ **** -- d2l.pima.edu % D2L 5.3 Amortized Loans - 21516 MAT142 Topics In College Math Activity Details 5 СЛ Chapter 5.3 S * S C 307+ Question 3 of: ( C S

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4 Math Applications MyOpenMath You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? Submit Question Search 1 04

O CONSUMER MATHEMATICS Finding the monthly payment, total payment, and interest for a... When Laura bought her house, she got her mortgage through a bank. The mortgage was a personal, amortized loan for $99,500, at an interest rate of 3.75%, with monthly payments for a term of 40 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Laura's monthly payment. (b) If Laura pays the monthly payment each month for the full term, find her total amount to repay the loan. $0 (c) If Laura pays the monthly payment each month for the full term, find the total amount of interest she will pay. $0 X Monthly Payment Formula M= P r 12 r 1- ( 1 + 12 ) - 12t

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