Ben obtains a fully amortizing 20-year fixed rate mortgage for $500,000 at 3.75% interest with monthly payments. What percentage of Ben's 50th payment goes toward principal?
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- Jose has a 15-year mortgage of $250,000 from his bank. The mortgage calls for equal monthly repayments and carries an annual percentage rate (APR) of 3%. Right after Jose makes his first repayment, how much in principal does Jose still owe the bank? O A) $248,274 B) $249,899 C) $248,899 D) $249,274Dominic takes out a 30-year mortgage of 200000 dollars at the interest of 5.76 percent compounded monthly, with the first payment due in one month. How much does he owe on the loan immediately after the 110th payment? Answer = dollars.Ann obtains a 30-year Interest Only Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What will Ann’s monthly payments be?
- Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. What fraction of Ann’s 40th payment goes to interest? 37.25% 62.75% 31.05% 68.95%10. Fred has a 25-year home mortgage of $208,917 at 4.75% interest and will pay $1,798 annual insurance premium. His annual property tax will be $2,106. Find his monthly PITI payment.Freddy agreed to make quarterly payments of $781.25 for 4 years on a loan of $10,000. What simple interest rate is he paying?
- Jessica purchases a house for $323,000 and takes a mortgage for the full amount. Her mortgage charges 6.75% per year and interest is compounded monthly. She will repay the loan over 25 years with equal monthly payments. a) What is her monthly payment amount? b) How much of the 8th payment would be applied toward interest? c) How much would be the payoff amount if the mortgage is to be paid at the end of year 2 (i.e., before the 24th payment is made)?Adam purchases a house and gets a 20-year mortgage for $205,000 at 4.5 % APR. In addition to the monthly payment, the lender requires him to pay into an escrow account for the homeowners insurance and property tax. His homeowners insurance is $1300 per year and the property tax is $2100 per year. Determine the monthly payment to the lender that includes the insurance and property tax. Round your answer to the nearest cent.José borrowed 8100 at 5 1/2% for  three years compounded, semi am annually. What is the future value of the loan and how much interest will he pay on the loan?
- Mr. Dayani purchases an annuity with funds from his savings account on January 1, 2018. The annuity has a 5 year term, and cost him $25,000. Payments are made annually on December 31 in the amount of $5,772. The annuity provides an effective yield of 5%. How much of the annuity payment is taxable in 2018? a. $772. b. $1,250. c. $5,000. d. NilJack takes out a mortgage for $725,000 at an interest rate of i(2) = 7.250%. The amortization period is 30 years. What is his weekly payment? a. $1,182.96 b. $1,126.62 C. $923.83 d. $1,171.69 e. $957.63Lucky took out a $289,000 25-year mortgage at an APR of 4.85%.a. What is the monthly payment?b. What will be his total interest charges after 25 years?