3839 5. What is the payment in month 336 on a 30-year loan for $925,000 at 4.85% that requires40 interest only payments for the first eight years and fully amortizing payments for the41 remaining years of the loan?4243 Loan Amount44 Periods Per Year45 Interest Rate46 Payment in First Five Years47 Total Amortization Years486949$925,000.00Answer($5,705.78)124.85%22

Step 1: To calculate the payment in month 336 (the final month) on a 30-year loan for $925,000 at…

Answered: 38 39 5. What is the payment in month…

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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Question 28: Assume that the compounding frequency of the provided APR is monthly
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Question 11 Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $70,000 at 12% for 15 years. What is the monthly payment? $840.12
Problem 25-7 (LG 25-4) Assume an Fl originates a pool of short-term real estate loans worth $39 million with maturities of five years and paying interest rates of 7 percent (paid annually). The loans are amortized. a. What is the average payment received by the FI (both principal and interest) if no prepayment is expected over the life of the loans? b. If the loans are converted into real estate certificates and the Fl charges a 150 basis points servicing fee (including insurance), what are the payments expected by the holders of the securities, if no prepayment is expected? (For all requirements, enter your answers in dollars not in millions. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) × Answer is complete but not entirely correct. Average payment $ 9,511,737 b. Average payment $ 9,369,061 (X)
13Assume you plan to borrow $400,000 from your bank to buy a home. The bank offers: • a 5-year fixed rate of 6.05%, compounded monthly. • a 3-year fixed rate of 5.75%, compounded monthly. If you choose to repay the borrowing in equal installments monthly over a 20 years, what would be the difference between your monthly payments at the two different APRs? a. $89.32 b. $68.94 c. $26.98 d. $154.58 14You expect that the interest rate will decrease in the near future, therefore you eventually choose the 3-year fixed rate. Then, what will be your mortgage balance after 3 years? a. $321,598.59 b. $452,321.21 c. $365,056.12 d. $379,325.89 15Three years passed, it's time to renew your mortgage. Upon your renewal, your bank is now offering a new 3-year fixed rate of 4.5%, what would be your monthly repayment amount after renewal? a. 2825.32 b. 2598.54 c. 1965.21 d. 2563.60
19 00:48:34 You take out $10,000 loan for seven years at an annual interest rate of 5% and with fixed annual loan payments of $1,728.20. The percent of the first fixed payment that is applied to principal would be ...... Multiple Choice 71% 86% 29% 38%
Aurora Beauty Sdn. Bhd. has an accounting year ended 31 December every year. The following trial balance was prepared for the year ended 31 December 2023: RM RM Sales and Purchases 300,000 800,000 Discount allowed 2,000 Discount received 8,000 Stock as at 1 January 2023 20,000 Utility bills 8,000 Return inwards 3,200 Return outwards 8,000 Salaries and wages 38,000 Bad debts 2,000 Rental income 7,000 Vehicles 180,000 Provision for depreciation on vehicles 87,840 Fixtures and fittings 80,000 Provision for depreciation on fixtures and fittings 40,000 Debtors and Creditors 17,000 80,000 Provision for doubtful debts 2,000 Bank loan 30,000 Cash in hand 1,800 Cash at bank 590,840 Capital 200,000 Drawings 20,000 1,262,840 1,262,840 You are given the following additional information on 31 December 2023: 1. Stock as at 31 December 2023 was RM28,000. 2. Utility bills paid in advance amounted to RM3,000.

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