Tolpon/MADP IL Pert3. Here is a table followed by two advertisements -one for a horme to rent andone for a home to purchase.a) Complete the table. If there is not payments required for a particular spot, putn/a (not applicable) in that spot. For any mortgage calculations, assume a 25-year amortization, 7% interest, and an original principal of $130 000.b) Describe two advantages of selecting the "rental" option and two advantagesof selecting the "purchase" option.House for rent 3-bedroom house, ranch style, close to schools, 1400 sq. ft.above ground swimming pool, 2 bathrooms, paved drive, large deck,$1150/month + gas heat. First and last + $250 security required.House for sale 3-bedroom, 2 ½ baths, renovated kitchen, 1450 sq. ft. finishedbasement with gas fireplace, CIA, 2-car garage, $174 000. Taxes approx.$175/month.DontalDurehaeeCynonen nemtatic aned.MAYA DIA-A FtowMASHIPive Perfurmance-TlieExpenseRentalPurchaseRent amountn/aMortgage paymentsEstimated heating costs$140$180Estimated other costs$120Property taxesUpfront or closing costs$48 000$100Estimated maintenance costsEstimated total monthly costs

Decision makingThe company has to make decisions for cases like expansion, discontinuation, and…

Answered: 3. Here is a table followed by two…

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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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $ ). \table[[\table[[Appraised],[Value]],\table[[Lender's],[Percentage]],\table[[Percentage of],[Appraised Value (in $)]],\table[[Balance of],[First Mortgage]],\table[[Potential],[Credit (in $)]]],[$356,900,75%,$,$196,500,$
Consider the sale for which the lender quoted a mortgage capitalization rate at 9.0%. If the equity capitalization rate is 15.0%, and the loan-to-value ratio is 80.0%, what is the overall capitalization rate? A. 10.2% B. 13.9% C. 24.0% D. The answer cannot be determined without the term of the mortgage.
PLEASE HELP ME WITH THE ONES I GOT INCORRECT. THANK YOU.
You have been given the choice to reduce your mortgage interest rate for each point received by the lender at closingyou decided to give points , on a $500,000 loan, how much money will you be needing to bring to close to cover your points?
a) Based on your prepared amortization schedule for Concert Time Again, Inc term loan, what is the remaining loan balance after the 4th payment AND which financial statement would that amount appear on? Type the financial statement in the text box below and write the Dollar Amount on your PDF upload Financial Statement b) Based on your prepared amortization schedule, what is the interest expense for this loan after the 4th payment AND which financial statement would this appear on? Assume the first 4 payments are in the same accounting period that is presented on the financial statement. Type the financial statement in the text box below and write the Dollar Amount on your PDF upload Financial Statement c) What will the loan balance be after the 60th payment? $
Consider the following options for a $153,000 mortgage. Calculate the monthly payment and total closing costs for each option. Which option would Clearly explain why you chose the option that you chose. you choose? Option 1: a 30-year fixed-rate loan at 4.3% with $1500 closing cost and no points • Option 2: a 30-year fixed-rate loan at 3.8% with $1200 closing cost and 2 points
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Value Percentage $125,500 60% Percentage of Appraised Value (in $) $ Balance of First Mortgage $53,200 $ Potential Credit (in $)
setting the appropriate values for a $100,000, 30-year mortgage at 6% interest and using Excel's autofill (drag) feature to fill in the cells to the end of the mortgage period. Use this to answer the following: How much of the first payment goes towards the principal? Interest?
to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a $130,000 mortgage. Which mortgage loan has theE nt7 Use 1- larger total cost (closing costs + the amount paid for points + total cost of interest)? By how much?" Mortgage A: 15-year fixed at 7.25% with closing costs of $1700 and 1 point. Mortgage B: 15-year fixed at 6.75% with closing costs of $1700 and 5 points. 中 Choose the correct answer below, and fill in the answer box to complete your choice. (Do not round until the final answer. Then round to the nearest dollar as needed.) O A. Mortgage B has a larger total cost than mortgage A by $ B. Mortgage A has a larger total cost than mortgage B by $ Check answer Clear all
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Value Percentage of Percentage Appraised Value (in $) Balance of First Mortgage $358,700 75% $ $198,500 $ Potential Credit (in $)
Suppose you earn a gross income of $2,710.00 per month and apply for a mortgage with a monthly PITI of $501.35. You have other financial obligations totaling $428.18 per month. If the lending ratio guidelines are as given in the table below, what type of mortgage, if any, would you qualify for? Mortgage Type Housing Expense Ratio Total Obligations Ratio FHA 29% 41% Conventional 28% 36% O FHA only O Conventional only O FHA and Conventional O None of the above

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