4 (5) Assume a 30-year mortgage loan for $250,000 for 30 years at an annual rate of 6%. What would be your fixed annual and monthly payments? Enter the inputs into the appropriate cells 5 in column B and set this up so that your answers are displayed as positive values. Round all values to two places after the decimal point. 6 (6) For the loan in #5 , prepare the first two monthly payment rows of the amortization table. 7 8 LOAN AMOUNT 9 TERM OF LOAN N YEARS 10 ANNUAL INTEREST RATE 11 TERM OF LOAN IN MONTHS 12 MONTHLY INTEREST RATE 13 FIXED LOAN PAYMENT (ANNUAL) 14 FIXED LOAN PAYMENT (MONTHLY) 15 16 17 18 19 20 21 22 AMORTIZATION TABLE PAYMENT 1 2 BEGINNING BALANCE FIXED PAYMENT INTEREST PRINCIPAL ENDING BALANCE

4 (5) Assume a 30-year mortgage loan for $250,000 for 30 years at an annual rate of 6%. What would be your fixed annual and monthly payments? Enter the inputs into the appropriate cells 5 in column B and set this up so that your answers are displayed as positive values. Round all values to two places after the decimal point. 6 (6) For the loan in #5 , prepare the first two monthly payment rows of the amortization table. 7 8 LOAN AMOUNT 9 TERM OF LOAN N YEARS 10 ANNUAL INTEREST RATE 11 TERM OF LOAN IN MONTHS 12 MONTHLY INTEREST RATE 13 FIXED LOAN PAYMENT (ANNUAL) 14 FIXED LOAN PAYMENT (MONTHLY) 15 16 17 18 19 20 21 22 AMORTIZATION TABLE PAYMENT 1 2 BEGINNING BALANCE FIXED 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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please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 7. Your goal is to have $15,000 in your bank account by the end of eight years. If the interest rate remains constant at 3% and you want to make annual identical deposits, what amount will you have to deposit into your account at the end of each year to reach your goal? O $2,024.22 O $1,855.54 O $1,349.48 O $1,686.85 If your deposits were made at the beginning of each year rather than an at the end, what is the amount your deposit would change by if you still wanted to reach your financial goal by the end of eight years? O $49.13 O $36.85 O $66.33 O $61.41
A basic ARM is made for $200,000 at an initial interest rate of 6 percent for 30 years with an annual reset date. The borrower believes that the interest rate at the beginning of the year (BOY) 2 will increase to 7 percent.a. Assuming that a fully amortizing loan is made, what will monthly payments be during year 1?b. Based on (a) what will the loan balance be at the end of the year (EOY) 1?c. Given that the interest rate is expected to be 7 percent at the beginning of year 2, what willmonthly payments be during year 2?d. What will be the loan balance at the EOY 2?e. What would be the monthly payments in year 1 if they are to be interest only?f. Assuming terms in (e), what would monthly interest only payments be in year 2?
I need help with d. Basic ARM is made for $250,000 at an initial interest rate of 6 percent for 30 years with annual reset date. The borrower believes that the interest rate at the beginning of the year 2 will increase to 7 percent. a. Assuming that a fully amortizing loan is made, what will monthly payments be during year 1? PMT = $1498.88 b. Base on (a), what will the loan balance be at the end of year 1? FV = $246,929.97 c. Given that the interest rate is expected to be 7 percent at the beginning of year 2, what will monthly payments be during year 2? PMT = $1659.69 d. What will be the loan balance at the end of year 2?
The following loan is a simple interest amortized loan with monthly payments. $155,000, 9- 9-%, 30 years 2 (a) Find the monthly payment. (Give your answer to the nearest cent.) Payment $ (b) Find the total.interest for the given simple interest amortized loan. (Give your answer to the nearest cent.) Total interest | Enter a number.
Please solve...
Use Excel to create an annual summary (5-years) amortization schedule for a fully-amortizing, fixed rate mortgage for $4,000,000 at 5.5% for 30 years, monthly payments, 1 discount point. Use the power of Excel. Show me the excel table. (Picture/Screenshot/Table)
Suppose the modified mortgage for a house is $289,275 and the monthly mortgage payment is $1801.39 for 30 years. Determine the interest rate. (This is where the financial or graphing calculator is necessary. See this excerpt for details.) The result is the APR required by the Truth in Lending Act. For this example we have included only points. In most situations, other fees would be included as well. (Round your answer to two decimal places.) The APR is %.
After completing a bachelors degree, you have $15,000.00 in student loans to pay back at an interest rate of 2.25% for 6 years. Follow the steps to show work used to calculate the monthly payment on this loan. Enter the values needed for the LEFT and RIGHT sides of the amortization formula. LOOK AT YOUR FORMULA SHEET. Be sure to use parentheses as shown in class and * to show multiplication: LHS: RHS: pymt. Hint Hint Now simplify the expressions from above and enter the final values for both sides below, keeping at least 6 decimal places: = pymt. Finish your calculation of the payment and enter your result, rounded to the nearest penny, in the table below. Then use the information to complete missing values in the table. SEE THE VIDEO BELOW IF YOU NEED HELP WITH THE TABLE (Round to the nearest cent) Month Monthly Payment Interest on Prior Balance Principle Outstanding Balance 1 2 3 Question Help: Video
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?
The following loan is a simple interest amortized loan with monthly payments. $5000, 91%, 4 years (a) Find the monthly payment. (Give your answer to the nearest cent.) Payment $ (b) Find the total interest for the given simple interest amortized loan. (Give your answer to the nearest cent.) Total interest $
A fully amortizing CAM loan is made for $132,000 at 6 percent interest for 20 years. Required: a. What will be the payments and balances for the first six months? b. What would payments be for a CPM loan? c. If both loans were repaid at the end of year 5, would the lender earn a higher rate of interest on either loan? Complete this question by entering your answers in the tabs below. Required A Required B Required C What will be the payments and balances for the first six months? (Round your intermediate calculations and final answers to the 2 decimal places.) Month 1 Month 2 Month 3 Total Payment End Balance
Please make sure the answers are clear n easy to read. Please do it on white paper. Again make sure the answer is clear. do it on white paper

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