A partially amortizing CAM (constant amortizing mortgage) loan is made for $125,000 at 6percent interest for 15 years, with monthly compounding. There is a S25,000 balloon after 15years.EHMonthly16MonthOpening BalanceРаymentMonthly Interest Amortization Ending Balance9781988299838410010185

Loan amount is $125,000 Interest rate 6% compounded monthly Time period is 15 years Baloon payment…

Answered: A partially amortizing CAM (constant…

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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Camolete the table by solving the amortization of the loan for six months oniy. IL A loan of P20,000 at 4,5% compounded monthly with monthly payment for 3 years. How much is the monthly payment? Month Payment Unpaid balance Unpaid balance reduction Interest
Star Bank has the following asset portfolio on its balance sheet (and zero off-balance-sheet business). ASSETS Cash $100 Municipal Bonds $150 Residential Mortgages $250 Commercial Loans $500 $100 $1,100 Junk Bonds Total Assets VALUE CREDIT ($million) RISK WEIGHT 0% 20% 35% 100% 150% Star Bank has $57 million in Common Equity Tier 1 (CET1) capital. What is the bank's CET1 risk-based capital ratio (assuming there is no market risk or operational risk)? Select one: a. 8.2 percent O b. 7.43 percent O c. 5.7 percent O d. 5.18 percent
For the following loan, calculate the monthly payment and then complete the partial amortization schedule for the first three months. A home mortgage of $161,000 with a fixed APR of 3% for 30 years. Round all final answers to the nearest cent as needed. a) The monthly payment including principal and interest would be $ b) Complete the partial amortization table for the mortgage. End of.. Month 1 Month 2 Month 3 Interest Payment Toward Principal $ Outstanding Balance GA
Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ fill in the blank 60 $ fill in the blank 61 $ fill in the blank 62 $ fill in the blank 63 $ fill in the blank 64 2 $ fill in the blank 65 $ fill in the blank 66 $ fill in the blank 67 $ fill in the blank 68 $ fill in the blank 69 3 $ fill in the blank 70 $ fill in the blank 71 $ fill in the blank 72 $ fill in the blank 73 $ fill in the blank 74 4 $ fill in the blank 75 $ fill in the blank 76 $ fill in the blank 77 $ fill in the blank 78 $ fill in the blank 79
A store amortizes a $75,000 loan at 10% compounded quarterly with quartlerly payments of $2985.72 for 10 years. How much will be the unpaid balance after 7 years?
Loan Repayment A loan of $10,000 is to beamortized with quarterly payments over 4 years. Ifthe interest on the loan is 8% per year, paid on theunpaid balance,a. What is the interest rate charged each quarter onthe unpaid balance? b. How many payments are made to repay the loan?c. What payment is required quarterly to amortizethe loan?
A $ 25,000 loan at 18% semi-annually is to be amortized monthly for 2 years. Solve for the outstanding balance after a year. 13,627.69 dollars remaining 13,618.69 dollars remaining 13,613.69 dollars remaining 13,636.69 dollars remaining
The interest rate for the first four years of an $81,000 mortgage loan is 7.5% compounded semiannually. Monthly payments are calculated using a 20-year amortization. a. What will be the principal balance at the end of the four-year term? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Principal balance b. What will be the monthly payments if the loan is renewed at 4.9% compounded semiannually (and the original amortization period is continued)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment $[ per month.
You have just borrowed $20,000 on a 10 year loan at 8% simple interest.Complete the Amortization table below for the first 6 month of the loan. Payment Number Beginning Balance payment Amount Applied to interest Applied to principle ending balance 1 20,000.00 242.66 133.33 109.32 A 2 19,890.68 242.66 132.60 110.05 19,780.63 3 19,780.84 B 131.87 110.78 19,669.84 4 19,669.84 242.66 131.13 C 19,558.32 5 19,558.32 242.66 D 112.27 19,446.05 6 E 242.66 129.64 113.01 19,333.04
A $120,000 mortgage was amortized over 10 years by monthly repayments. The interest rate on the mortgage was fixed at 4.30% compounded semi-annually for the entire period. a. Calculate the size of the payments rounded up to the next $100. $1,300.00 ✪ Round up to the next 100 b. Using the payment from part a., calculate the size of the final payment. $0.00 X Round to the nearest cent
A loan of $34, 200.00 at 5.50% compounded semi - annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years. a. Calculate the size of the periodic payment. $3, 645.25 $4,537.24 $ 3,958.30 $4,341.38 b. Calculate the total interest paid. $5, 383.00 $39,583.00 $1,424.70 $9,341.30

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A partially amortizing CAM (constant amortizing mortgage) loan is made for $125,000 at 6 percent interest for 15 years, with monthly compounding. There is a S$25,000 balloon after years. E F G Monthly 16 Month Opening Balance Payment Monthly Interest Amortization Ending Bal: 97 81 98 82