**Investment Property Analysis**An investor buys a property for $691,000 with a 25-year mortgage and monthly payments at 7.4% APR. After 18 months, the investor resells the property for $756,910. How much cash will the investor have made from the sale, once the mortgage is paid off?- **A.** $64,878- **B.** $162,195- **C.** $113,536- **D.** $81,097**Time Remaining:** 00:21:08**Notes:**- This question involves calculating the profit an investor makes from real estate by considering initial costs, mortgage payments, and resale value.- Essential factors include understanding APR, mortgage amortization, and property investment strategies.- The cracked screen covering part of the display may affect visibility but does not obscure key elements of the question.**On-Screen Elements:**- The question and options are listed on the left side.- Navigation buttons appear in the bottom right corner ("Next" button visible).

A mortgage refers to a covered loan that is borrowed for the purchase of a property with the…

An investor buys a property for $691,000 with a 25-year mortgage and monthly payments at 7.4% APR. After 18 months the investor resells the property for $756,910. How much cash will the investor have made from the sale, once the mortgage is paid off? OA. $64,878 OB. $162,195 OC. $113,536 OD, $81,097

An investor buys a property for $691,000 with a 25-year mortgage and monthly payments at 7.4% APR. After 18 months the investor resells the property for $756,910. How much cash will the investor have made from the sale, once the mortgage is paid off? OA. $64,878 OB. $162,195 OC. $113,536 OD, $81,097

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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Similar questions

A house sells for $317,000 and a 5% down payment is made. A mortgage is secured at 4% for 40 years. Compute an amortization schedule for the first 3 months. Round your answers to two decimal places, if necessary. The value of the mortgage is $301,150 and the monthly payment is $1258.81.
Question Tom wishes to purchase a property that has been valued at $300,000. He has $30,000 available as require a mortgage for the remaining amount. The bank offers him a 25-year mortgage at 2% inter monthly payment. 7 Round your answer to the nearest cent. Do NOT round until you have calculated the final answer. Provide your answer below: $1476 8 5 9 6 X X X y X 30 i H *D
am. 113.
Q2.7: Morgan purchased a house for $400,000. He made a downpayment of 15% of the value of the house and received a mortgage for the rest of the amount at 5.25% compounded semi-annually for 20 years. The interest rate was fixed for a 5-year term. a. Calculate the size of the monthly payments. b. Calculate the principal balance at the end of the 5-year term. c. Calculate the size of the monthly payments if after the first 5-year term the mortgage was renewed for another 5-year term at 5.00% compounded semi-annually? Kindly keep all the decimals for all the preocedures, DO NOT ROUND
A$282,000 mortgage for 25 years for a new home is obtained at the rate of 6.5% compounded monithly. Find (a) the monthly payment, (b) the interest in the first payment, (c) the principal repaid in the first payment, and (d) the finance charge. (a) The monthly payment on the mortgage is S (Round the final answer to two decimal places as needed Round all intermediate values to six decimal places as needed.)
With a selling price $100,000, a 20% down payment, and a mortgage of 12% for 25 years, calculate: A. amount of mortgage B. monthly payment C. interest portion of first payment D. Principal portion of first payment
Richard Miyashiro purchas a condominium and obtained a 20-year loan of $197,000 at an annual interest rate of 8.15%. Find the amount of interest paid on the mortgage loan over the 20 years.
Give typing answer with explanation and conclusion
None
Question 28: Assume that the compounding frequency of the provided APR is monthly
Question Completion Status: O $255,243,325.72 QUESTION 2 Ann found an apartment that costs $800,000 to buy. She will make a $100,000 down payment and get a mortgage for $700,000. The mortgage will be a fully amortizing 30-year fixed rate mortgage at 4.25% with monthly payments and monthly compounding. The following 6 questions will use this information above (round all answers 2 decimal places. do not inclue commas or dollar signs in responses. enter percentages as whole numbers i.e. 4.952% should be entered as 4.95) a) What is Ann's Loan to Value when she gets the Loan? 87.5 b) What will Ann's monthly mortgage payment be? c) What will be the balance on Ann's mortgage after the 7th monthly payment d) How many dollars is Ann paying in interest in her 8th monthly mortgage payment? e) How many dollars of Ann's 8th monthly mortgage payment will be principal? f) What is the total sum of all cash flows that Ann will pay the bank over the entire life of the loan, assuming she keeps the loan…
A buyer has agreed to purchase a home for $50,500. The buyer will assume a first mortgage in the amount of $32.200, will deposit $2.200 as earnest money, will deposit $5,600 in cash at cosing, and wl give the sellet a purchase- money mortgage for the balance. What is the amount of the purchase-money mortgage? a)$24,400 b)$18,300 c)$16,100 d)$10,500

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