02: A $150000 real estate loan at 9% compounded monthly is repaid by monthly payments over 20 years. 1. What is the size of the monthly payment? 2. Calculate the principal portion of the 25th payment. 3. Calculate the interest portion of the 83rd payment. 4. Calculate the total interest paid in year 12. 5. Calculate the total principal portion of the payments in year 18. 6. Create graph illustrating the principal portion and interest portion over time. 7. Include the time-line for years Period Month Year Details Real estate loan Amount Annual Interest Rate Number of Years Number of periods Monthely Payment date Value Beginning Balance Payment Interest Principal Ending Balance.

02: A $150000 real estate loan at 9% compounded monthly is repaid by monthly payments over 20 years. 1. What is the size of the monthly payment? 2. Calculate the principal portion of the 25th payment. 3. Calculate the interest portion of the 83rd payment. 4. Calculate the total interest paid in year 12. 5. Calculate the total principal portion of the payments in year 18. 6. Create graph illustrating the principal portion and interest portion over time. 7. Include the time-line for years Period Month Year Details Real estate loan Amount Annual Interest Rate Number of Years Number of periods Monthely Payment date Value Beginning Balance Payment Interest Principal Ending Balance.

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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Similar questions

Use the compound interest formula to compute the balance in the following account after the stated period of time, assuming interest is compounded annually. $9000 invested at an APR of 3.8% for 14 years.
In each situation described below, identify the initial payment, the term interest rate, andthe number of compounding periods. An investment of $5000 at an APR of 3% compounded monthly, followed by anotherinvestment of $5000 made 2 years after the first. What is the value of the account after5 years?
5. A deposit of $2450 is made into an account drawing 4.26% interest compounded quarterly. Find the future value 14 years after the deposit and find the amount of compound interest earned.
Suppose you invest $1,250 in an account paying 8% interest per year. a. What is the balance in the account after 3years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 31 years? How much of this balance corresponds to "interest on interest"?
Suppose that at the end of each week for 30 years, $100 is deposited into an account that earns 6.8% annual interest, compounded weekly. (a) Find the total value in the account after the 30 years. (b) What is the total amount of the payments over the 30 years? (c) What is the total amount of interest earned over the 30 years?
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $8,000 4 12 annually Ex Enter a number.
Determine the interest earned after 8 years if $3000 is invested in each of the following accounts. A) an account earning 5.29% interest compounded daily B) an account earning 5.14% simple interest
Consider a home mortgage of $125,000 at a fixed APR of 4.5% for 25 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. ..... a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Compound Interest Earned in 1 Year Annual Percentage Yield (APY) Nominal Interest Principal Rate (%) Compounded $33,000 12 monthly $ % Need Help? Read It 3 Type here to search
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $5,100 8 quarterly Need Help? Read It
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $23,000 13 5 annually Need Help? Read It
What is the future value of $100 invested in an account for eight years that earns 10% annual interest, compounded semiannually (rounded to the nearest whole dollar)? a. $214.b. $216.c. $218.d. $220.

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