Calculate the required information for Mortgage, (Round to Neores to Nearest Cent)

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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Related questions
Question
100%
F2
#
3
E
D
Interest
Rate (%)
▬▬
80
3.50
3.75
4.00
4.25
4.50
4.75
5.00
5.25
5.50
5.75
F3
6.00
6.25
6.50
6.75
7.00
7.25
7.50
7.75
8.00
8.25
8.50
8.75
9.00
9.25
9:49
9.50
9.75
消
10.00
£0.00
10.25
40.40
10.50
40.00
10.75
Loire
11.00
11.00
11.25
44.40
11.50
44.35
11.75
12.00
12.25
12.50
12.75
13.00
▬▬▬▬▬▬▬▬▬▬▬▬▬
$
4
R
F
5
Years
18.19
18.30
18.42
18.53
18.64
18.76
18.87
18.99
19.10
19.22
19.33
19.45
19.57
19.68
19.80
19.92
20.04
20.16
20.28
20.40
20.52
20.64
20.76
20.88
21.00
21.12
21.25
21.29
21.37
41.97
21.49
21:18
21.62
21.04
21.74
999
000
F4
21.87
21.07
21.99
22.12
22.24
22.37
22.50
22.63
22.75
Monthly Payments
(Necessary to amortize a loan of $1,000)
%
5
10
Years
9.89
10.01
10.12
10.24
10.36
10.48
10.61
10.73
10.85
10.98
11.10
11.23
11.35
11.48
11.61
11.74
11.87
12.00
12.13
12.27
12.40
12.53
12.67
12.80
12.94
12.34
13.08
20:00
13.22
19.22
13.35
19.99
13.49
15.49
29.09
13.63
13.78
13.92
19:52
14.06
14.20
14.20
14.35
14.49
14.64
14.78
14.93
F5
T
G
15
Years
7.15
7.27
7.40
7.52
7.65
7.78
7.91
8.04
8.17
8.30
8.44
8.57
8.71
8.85
8.99
9.13
9.27
9.41
9.56
9.70
9.85
9.99
10.14
10.29
10.44
10.50
10.59
1036
10.75
10.90
10:30
11.05
11.09
11.21
21.41
11.37
11.52
11:52
11.68
14.04
11.84
12.00
12.16
12.33
12.49
12.65
6
F6
20
Years
Y
5.80
5.93
6.06
6.19
6.33
6.46
6.60
6.74
6.88
7.02
7.16
7.31
7.46
7.6
7.75
7.90
8.06
8.21
8.36
8.52
8.68
8.84
9.00
9.16
9.32
9.49
ne
9.65
9.82
3:02
9.98
13:30
10.15
20:40
10.32
10.49
10:45
10.66
MacBook Air
10.04
10.84
11.01
11.19
11.36
11.54
11.72
H
&
7
25
Years
5.01
5.14
5.28
5.42
5.56
5.70
5.85
5.99
6.14
6.29
6.44
6.60
6.75
6.91
7.07
7.23
7.39
7.55
7.72
7.88
8.05
8.22
8.39
8.56
8.74
0.01
8.91
19:34
9.09
9.26
9.20
9.44
2.63
9.62
Dive
9.80
9.60
9.98
10.16
10.35
10.53
10.72
10.9
11.09
11.28
AA
F7
U
* 00
8
J
30
Years
4.49
4.63
4.77
4.92
5.07
5.22
5.37
5.52
5.68
5.84
6.00
6.16
6.32
6.49
6.65
6.82
6.99
7.16
7.34
7.51
7.69
7.87
8.05
8.23
0.25
8.41
20
8.59
9.70
8.78
8.96
0:30
9.15
3:40
9.33
20
9.52
3:32
9.71
9.90
10.09
10.29
10.48
10.67
10.87
11.06
DII
FB
35
Years
4.13
4.28
4.43
4.58
4.73
4.89
5.05
5.21
5.37
5.54
5.70
5.87
6.04
6.21
6.39
6.56
6.74
6.92
7.10
7.28
7.47
7.65
7.84
8.03
8.22
0.4€
8.41
OSTA
8.60
8.79
6.79
8.98
9:30
9.18
20
9.37
9.56
9:30
9.76
270
9.96
350
10.16
10:10
10.35
10.55
10.75
10.95
(
9
K
40
Years
3.87
4.03
DD
F9
4.18
4.34
4.50
4.66
4.82
4.99
5.16
5.33
5.50
5.68
5.85
6.03
6.21
6.40
6.58
6.77
6.95
7.14
7.33
7.52
7.71
7.91
8.10
0.00
8.30
Bree
8.49
0:49
8.69
8.89
000
9.08
200
9.28
3:40
9.48
9.68
9.88
10.08
10.29
10.49
10.69
10.90
O
)
0
L
F10
P
Transcribed Image Text:F2 # 3 E D Interest Rate (%) ▬▬ 80 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 F3 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 9:49 9.50 9.75 消 10.00 £0.00 10.25 40.40 10.50 40.00 10.75 Loire 11.00 11.00 11.25 44.40 11.50 44.35 11.75 12.00 12.25 12.50 12.75 13.00 ▬▬▬▬▬▬▬▬▬▬▬▬▬ $ 4 R F 5 Years 18.19 18.30 18.42 18.53 18.64 18.76 18.87 18.99 19.10 19.22 19.33 19.45 19.57 19.68 19.80 19.92 20.04 20.16 20.28 20.40 20.52 20.64 20.76 20.88 21.00 21.12 21.25 21.29 21.37 41.97 21.49 21:18 21.62 21.04 21.74 999 000 F4 21.87 21.07 21.99 22.12 22.24 22.37 22.50 22.63 22.75 Monthly Payments (Necessary to amortize a loan of $1,000) % 5 10 Years 9.89 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 11.61 11.74 11.87 12.00 12.13 12.27 12.40 12.53 12.67 12.80 12.94 12.34 13.08 20:00 13.22 19.22 13.35 19.99 13.49 15.49 29.09 13.63 13.78 13.92 19:52 14.06 14.20 14.20 14.35 14.49 14.64 14.78 14.93 F5 T G 15 Years 7.15 7.27 7.40 7.52 7.65 7.78 7.91 8.04 8.17 8.30 8.44 8.57 8.71 8.85 8.99 9.13 9.27 9.41 9.56 9.70 9.85 9.99 10.14 10.29 10.44 10.50 10.59 1036 10.75 10.90 10:30 11.05 11.09 11.21 21.41 11.37 11.52 11:52 11.68 14.04 11.84 12.00 12.16 12.33 12.49 12.65 6 F6 20 Years Y 5.80 5.93 6.06 6.19 6.33 6.46 6.60 6.74 6.88 7.02 7.16 7.31 7.46 7.6 7.75 7.90 8.06 8.21 8.36 8.52 8.68 8.84 9.00 9.16 9.32 9.49 ne 9.65 9.82 3:02 9.98 13:30 10.15 20:40 10.32 10.49 10:45 10.66 MacBook Air 10.04 10.84 11.01 11.19 11.36 11.54 11.72 H & 7 25 Years 5.01 5.14 5.28 5.42 5.56 5.70 5.85 5.99 6.14 6.29 6.44 6.60 6.75 6.91 7.07 7.23 7.39 7.55 7.72 7.88 8.05 8.22 8.39 8.56 8.74 0.01 8.91 19:34 9.09 9.26 9.20 9.44 2.63 9.62 Dive 9.80 9.60 9.98 10.16 10.35 10.53 10.72 10.9 11.09 11.28 AA F7 U * 00 8 J 30 Years 4.49 4.63 4.77 4.92 5.07 5.22 5.37 5.52 5.68 5.84 6.00 6.16 6.32 6.49 6.65 6.82 6.99 7.16 7.34 7.51 7.69 7.87 8.05 8.23 0.25 8.41 20 8.59 9.70 8.78 8.96 0:30 9.15 3:40 9.33 20 9.52 3:32 9.71 9.90 10.09 10.29 10.48 10.67 10.87 11.06 DII FB 35 Years 4.13 4.28 4.43 4.58 4.73 4.89 5.05 5.21 5.37 5.54 5.70 5.87 6.04 6.21 6.39 6.56 6.74 6.92 7.10 7.28 7.47 7.65 7.84 8.03 8.22 0.4€ 8.41 OSTA 8.60 8.79 6.79 8.98 9:30 9.18 20 9.37 9.56 9:30 9.76 270 9.96 350 10.16 10:10 10.35 10.55 10.75 10.95 ( 9 K 40 Years 3.87 4.03 DD F9 4.18 4.34 4.50 4.66 4.82 4.99 5.16 5.33 5.50 5.68 5.85 6.03 6.21 6.40 6.58 6.77 6.95 7.14 7.33 7.52 7.71 7.91 8.10 0.00 8.30 Bree 8.49 0:49 8.69 8.89 000 9.08 200 9.28 3:40 9.48 9.68 9.88 10.08 10.29 10.49 10.69 10.90 O ) 0 L F10 P
Amount
Financed
164,300
Calculate the required information for the
(Round to Nearest Cent)
Mortgage,
Interest
Rate
7.25%
Term
Loan years.
15
Number of
1000s Financed
↑↑
Table Monthy
Total
Factor Payment Interest
↑
Transcribed Image Text:Amount Financed 164,300 Calculate the required information for the (Round to Nearest Cent) Mortgage, Interest Rate 7.25% Term Loan years. 15 Number of 1000s Financed ↑↑ Table Monthy Total Factor Payment Interest ↑
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