6.4 Purchase a Home 1. Tammy and JD are buying a $465,000 home. They have been approved for a 6.25% APR, 30-year mortgage. They made a 30% down payment and will be closing on March 11. a. What is their interest on the loan for one year? b. What is the daily interest? c. How much should they expect to pay in prepaid interest at the closing?

Q: where  is the excel sheet ,so i can see how you get  the answer.  I want to see the workings  please

A: Excel Workings are provided in the solution in the form of Excel snip. One can use the formula…

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Q: can you please type out the equation

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Q: hi, can you please show me how to solve this without using excel? thank you

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A: Here,Market Cap is 300 billion pesoNext Year FCF is 9.6 billion pesoGrowth Rate is 8.60%

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Q: you!

A: The original question deals with preparation of amortisation schedule.

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Loans

A loan is a term that we are all familiar with. The processing of loans is one of the most important functions of a bank. It keeps our economy stable and facilitates the implementation of monetary policies. Let's take a look at the different forms of loans and get some answers to some common questions.