Find the indicated amounts for the fixed-rate mortgages. Purchase price of Down Mortgage Interest home payment amount rate $200,000 SO 4.75% 30 Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. Years The mortgage amount is $. (Round to the The monthly payment per $1,000 is $ The monthly mortgage payment is S The total mortgage payment is S. (Round The total interest is $. (Round to the neare . (R (Rou Monthly payment per $1,000 Mortgage payment Data table Years financed 10 12 15 17 17 20 20 22 25 30 35 Total paid for mortgage Interest paid 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 9.77 9.89 8.40 6.26 8.51 8.63 8.76 8.88 9.00 9.12 7.03 7.15 7.27 7.40 7.52 7.65 7.78 6.39 6.51 6.64 6.76 6.89 7.02 7.15 5.55 5.67 5.80 5.93 6.06 6.19 6.33 6.46 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 4.74 4.87 5.01 5.14 5.28 5.42 5.56 4.22 4.35 4.49 4.63 4.77 4.92 5.07 3.85 3.99 4.13 4.28 4.43 4.58 4.73 9.66 8.28 6.91 Annual interest rate 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 9.25 9.37 9.50 9.63 7.91 8.04 8.17 8.30 7.29 7.42 7.56 7.69 6.60 6.25 6.39 6.54 6.68 6.74 6.88 7.02 6.00% 11.10 9.76 8.44 7.83 7.16 6.83 5.85 5.70 5.99 6.14 6.29 6.44 5.22 5.37 5.52 5.68 5.84 6.00 4.89 5.05 5.21 5.37 5.54 5.70
Find the indicated amounts for the fixed-rate mortgages. Purchase price of Down Mortgage Interest home payment amount rate $200,000 SO 4.75% 30 Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. Years The mortgage amount is $. (Round to the The monthly payment per $1,000 is $ The monthly mortgage payment is S The total mortgage payment is S. (Round The total interest is $. (Round to the neare . (R (Rou Monthly payment per $1,000 Mortgage payment Data table Years financed 10 12 15 17 17 20 20 22 25 30 35 Total paid for mortgage Interest paid 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 9.77 9.89 8.40 6.26 8.51 8.63 8.76 8.88 9.00 9.12 7.03 7.15 7.27 7.40 7.52 7.65 7.78 6.39 6.51 6.64 6.76 6.89 7.02 7.15 5.55 5.67 5.80 5.93 6.06 6.19 6.33 6.46 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 4.74 4.87 5.01 5.14 5.28 5.42 5.56 4.22 4.35 4.49 4.63 4.77 4.92 5.07 3.85 3.99 4.13 4.28 4.43 4.58 4.73 9.66 8.28 6.91 Annual interest rate 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 9.25 9.37 9.50 9.63 7.91 8.04 8.17 8.30 7.29 7.42 7.56 7.69 6.60 6.25 6.39 6.54 6.68 6.74 6.88 7.02 6.00% 11.10 9.76 8.44 7.83 7.16 6.83 5.85 5.70 5.99 6.14 6.29 6.44 5.22 5.37 5.52 5.68 5.84 6.00 4.89 5.05 5.21 5.37 5.54 5.70
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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Transcribed Image Text:Find the indicated amounts for the fixed-rate mortgages
Purchase
price of
home
$200,000 SO
4.75% 30
Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed.
Down Mortgage Interest
payment amount
rate
Years
The mortgage amount is $. (Round to the
The monthly payment per $1,000 is $
The monthly mortgage payment is $
(Rou
The total mortgage payment is S. (Round
The total interest is $. (Round to the neare
(R
Monthly
payment
Mortgage
per $1,000 payment
Data table
P2F22282
Years
Annual interest rate
10
financed 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00%
9.66 9.77 9.89 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 11.10
8.28 8.40 8.51 8.63 8.76 8.88 9.00 9.12 9.25 9.37 9.50 9.63 9.76
6.91 7.03 7.15 7.27 7.40 7.52 7.65 7.78 7.91 8.04 8.17 8.30 8.44
6.26 6.39 6.51 6.64 6.76
6.89 7.02 7.15 7.29 7.42 7.56 7.69 7.83
5.55 5.67 5.80 5.93 6.06 6.19 6 33
6.46 6.60 6.74 688 7.02 7.16
5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 6.25 6.39 6.54 6.68
4.74 4.87 5.01 5.14 5.28 5.42 5.56 5.70
5.85 5.99 6.14 6.29
4.22 4.35 4.49 4.63 4.77 4.92 5.07
5.37 5.52 5.68 5.84
3.85
3.99 4.13 4.28 4.43 4.58 4.73
5.21 5.37 5.54
6.83
5.22
4.89
5.05
12
15
17
20
25
30
Total
paid for
mortgage
35
Interest
paid
6.44
6.00
5.70
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