A12 Variables:3 House value:4 Interest rate:5Down payment (% of house value):6 Number of years:7 Property tax rate:8 Annual homeowner insurance premium:9 Maintenance cost rate (% of house value):1011 Monthly Cost of Home Ownership12 Monthly mortgage payment:13 Monthly property tax:14 Monthly homeower insurance premium:15 Monthly maintenance costs:16 Total:1718192021B$ 491,800.004.25%20%301.25%1,404.001%$ The accompanying Homeownership spreadsheet contains a partially completed spreadsheet model for computing the monthly costsof home ownership. Complete the spreadsheet model by Inserting the formulas for monthly mortgage payment (B12), monthly propertytax (813), monthly homeowner insurance premium (B14), monthly maintenance costs (B15), and total (B16) in the appropriate cells.Click here for the Excel Data Filea. Is this a deterministic or stochastic model?Is this a deterministic or stochastic model?

We have a partially completed model that works out the total monthly cost of home ownership. We need…

A 1 2 Variables: 3 House value: 4 Interest rate: 5 Down payment (% of house value): 6 Number of years: $ 7 Property tax rate: 8 Annual homeowner insurance premium: $ Maintenance cost rate (% of house value): 9 10 11 Monthly Cost of Home Ownership 12 Monthly mortgage payment: 13 Monthly property tax: 14 Monthly homeower insurance premium: 15 Monthly maintenance costs: 16 Total: 17 B 491,800.00 4.25% 20% 30 1.25% 1,404.00 1%

A 1 2 Variables: 3 House value: 4 Interest rate: 5 Down payment (% of house value): 6 Number of years: $ 7 Property tax rate: 8 Annual homeowner insurance premium: $ Maintenance cost rate (% of house value): 9 10 11 Monthly Cost of Home Ownership 12 Monthly mortgage payment: 13 Monthly property tax: 14 Monthly homeower insurance premium: 15 Monthly maintenance costs: 16 Total: 17 B 491,800.00 4.25% 20% 30 1.25% 1,404.00 1%

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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Concept explainers

Factors Affecting Housing Decision

Question

A
1
2 Variables:
3 House value:
4 Interest rate:
5
Down payment (% of house value):
6 Number of years:
7 Property tax rate:
8 Annual homeowner insurance premium:
9 Maintenance cost rate (% of house value):
10
11 Monthly Cost of Home Ownership
12 Monthly mortgage payment:
13 Monthly property tax:
14 Monthly homeower insurance premium:
15 Monthly maintenance costs:
16 Total:
17
18
19
20
21
B
$ 491,800.00
4.25%
20%
30
1.25%
1,404.00
1%
$

The accompanying Homeownership spreadsheet contains a partially completed spreadsheet model for computing the monthly costs
of home ownership. Complete the spreadsheet model by Inserting the formulas for monthly mortgage payment (B12), monthly property
tax (813), monthly homeowner insurance premium (B14), monthly maintenance costs (B15), and total (B16) in the appropriate cells.
Click here for the Excel Data File
a. Is this a deterministic or stochastic model?
Is this a deterministic or stochastic model?

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Find the mortgage balance after the first three payments on a 3030-year $170,000$⁢170,000 mortgage that was financed at an APR of 4.25%4.25% and has a monthly payment of $836.30$⁢836.30. Payment Number Interest Payment Principal Payment Mortgage Balance 11 $602.08$⁢602.08 $234.22$⁢234.22 Balance 1 22 $601.25$⁢601.25 $235.05$⁢235.05 Balance 2 33 $600.42$⁢600.42 $235.88$⁢235.88 Balance 3
purchase property that has an annual net income of 587000 and want to ear 8.25% on investment what do I pay for property
This amortization table shows the first 3 payments and the last 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $120 000.00 $119 746.95 $119 492.58 $119 236.90 $1735.38 $869.43 $1.01 1 $874.94$621.89 $253.05 2 $874.94$620.58 $254.36 3 $874.94$619.26 $255.68 $874.94 $13.46 $861.48 $874.94 $874.94 238 $8.99 $865.95 $4.51 $870.43 239 240 What is the total interest paid over the life of the mortgage?
S 11 Shellie has a mortgage of $56,500 at 5% for 25 years. The property taxes are $350 quarterly, and the hazard insurance premium is $239.50 semiannually. Find the monthly taxes and insurance payment. Select one: C a. $358.75 b. $290.79 c. $422.87 d. $156.58 B e Vai ara laanad in a ludis Edmonds laa aut
Payment Calculator Property Location Fullerton Payments per year 12 Property Cost $750,000 Total Payments 360 Down Payment $75,000 Interest (APR) 4.00% Loan Amount $675,000 Payment (per month) Period (Years) 30 Pleasae use the formula PMT to determine the payment per month.
Subject: Finance
QUESTION 5 Hansco borrowed $5635 paying interest at 4.05% compounded annually. If the loan is repaid by payments of $279 made at the end of each year. Find the number of payments. Round your answer to 8 decimal places. Sample input 6.43215678
Narrative 14-1For problems in this section, use Table 14-1 from your text to find the monthly mortgage payments, whennecessary. Refer to Narrative 14-1. You purchase a home for $69,750 at 6.75% for 30 years. The property taxes are $2,450per year, and the hazard insurance premium is $256 semiannually. Find the monthly PITI payment. Group of answer choices 699.51 $594.73 $1,059.40 $246.83
15
Question 5 of 6 Leah received a 25 year loan of $285,000 to purchase a house. The interest rate on the loan was 3.30% compounded semi-annually. a. What is the size of the monthly loan payment? $0.00 Round to the nearest cent b. What is the balance of the loan at the end of year 2? Open with $0.00 Round to the nearest cent o years c. By how much will the amortization period shorten if Leah makes an extra payment of $30,000 at the end of year 2? 0 months
Monthly Payments (Necessary to amortize a loan of $1,000) Interest 5 10 15 20 25 30 35 40 Rate (%) Years Years Years Years Years Years Years Years 3.50 18.19 9.89 7.15 5.80 5.01 4.49 4.13 3.87 3.75 18.30 10.01 7.27 5.93 5.14 4.63 4.28 4.03 4.00 18.42 10.12 7.40 6.06 5.28 4.77 4.43 4.18 4.25 18.53 10.24 7.52 6.19 5.42 4.92 4.58 4.34 4.50 18.64 10.36 7.65 6.33 5.56 5.07 4.73 4.50 4.75 18.76 10.48 7.78 6.46 5.70 5.22 4.89 4.66 5.00 18.87 10.61 7.91 6.60 5.85 5.37 5.05 4.82 5.25 18.99 10.73 8.04 6.74 5.99 5.52 5.21 4.99 5.50 19.10 10.85 8.17 6.88 6.14 5.68 5.37 5.16 5.75 19.22 10.98 8.30 7.02 6.29 5.84 5.54 5.33 6.00 19.33 11.10 8.44 7.16 6.44 6.00 5.70 5.50 6.25 19.45 11.23 8.57 7.31 6.60 6.16 5.87 5.68 6.50 19.57 11.35 8.71 7.46 6.75 6.32 6.04 5.85 6.75 19.68 11.48 8.85 7.6 6.91 6.49 6.21 6.03 7.00 19.80 11.61 8.99 7.75 7.07 6.65 6.39 6.21 7.25 19.92 11.74 9.13 7.90 7.23 6.82 6.56 6.40 7.50 20.04 11.87 9.27 8.06 7.39 6.99 6.74 6.58 7.75 20.16 12.00 9.41 8.21 7.55 7.16 6.92 6.77 8.00…

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