(d) You take out a 30-year fixed loan with an APR of 4.45%. We will be ignoring the property taxes and insurance costs for now, what will your monthly mortgage payment be? Hint: do not round any intermediate calculations. Round your final answer to 2 decimals. Use your information from Question 1b. Hint: setup the equation and declare your variables, then plug everything into your calculator to solve it. (e) Now find how much total money you will pay for the mortgage over 30 years. (f) How much interest are you paying on the mortgage over 30 years?

(d) You take out a 30-year fixed loan with an APR of 4.45%. We will be ignoring the property taxes and insurance costs for now, what will your monthly mortgage payment be? Hint: do not round any intermediate calculations. Round your final answer to 2 decimals. Use your information from Question 1b. Hint: setup the equation and declare your variables, then plug everything into your calculator to solve it. (e) Now find how much total money you will pay for the mortgage over 30 years. (f) How much interest are you paying on the mortgage over 30 years?

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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5- A hotel has 300 rooms and an annual fixed cost of R$ 2,800,000.00 and variable operating costs of R$ 120.00 per occupied room, that is, per day-room. The hotel operates 365 days a year and is subject to a 15% income tax. Required: What is the minimum price that must be charged per night for the hotel to give an annual return of 12% on the investment made by the partners in its construction. The amount invested was R$ 10,000,000.00. Assume an occupancy rate of 30%. * a) R$ 241.46b) R$ 205.24c) R$ 284.43d) R$ 241.77
Oxford Street Development Company’s new project The LuLu DeLux has three components: Office , Retail and Multifamily. There are 12,500 feet of office space, 25,000 feet of retail space and 10 apartments. The office space is subject to a ten-year gross lease at $30 per sq ft per year with $0.50 annual increases. Base year expenses are $12 per square foot. Expenses are expected to rise at 3% per annum. The retail space pays a $20 base rent per sq ft per year and 8% participating rent over a natural breakpoint on a ten-year lease. The base rent increases at the beginning of year 6 to $25 per square foot and the percentage rent resets. First year sales are $300 per square foot. Sales are expected to grow at a rate of 4% per annum. Retail expenses are 1.5 times the level of office expenses on a per square foot basis. The retail tenant reimburses 90% of actual expenses. Of the 10 apartments there are 5 one bedrooms and 5 two bedrooms. Multifamily monthly rents start at $1500 for a one bed…
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