If I am told that my house mortgage settlement is P600 000 today after 2 months does this settlement increase or decrease if I decide to do the settlement
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If I am told that my house mortgage settlement is P600 000 today after 2 months does this settlement increase or decrease if I decide to do the settlement
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- My question is that I'm having a house mortgage I am paying P10 000 per month,I asked for a settlement and was told that it's P600 000,if I decide to pay the settlement after 2 months but still paying my monthly subscription will the settlement be lower or higherYou want to take a $172260 mortgage at j2 = 11.59 % and can afford topay up to $5030 per quartely. What repayment period in the whole years should you request ? What will be your payment year to repay mortgage in calculatednumber of years ?A friend who owns a perpetuity that promises to pay $1,000 at the end of each year, forever, comes to you and offers to sell you all of the payments to be received after the 25th year for a price of $1,001. At an interest rate of 10%, should you pay the $1,000 today to receive payment numbers 26 and onwards? What does this suggest to you about the value of perpetual payments?
- You have just taken out a mortgage of $50,000 for 30 years, with monthly payments at 6% interest. The same day you close on the mortgage you receive a $25,000 gift from your parents to be applied to the mortgage principal. What amount of time will now be required to pay off the mortgage if you continue to make the original monthly payments? What is the amount of the last payment? (Assume any residual partial payment amount is added to the last payment.)Margo borrowis 51700 , agreeing to pay it back with 48 annual interest after 11 months. How much interest will she pay?after making payments of $917.10 for 6 years on your 30-year loan at 8.3%, you decide to sell your home. what is the loan payoff?
- (a) What is Diane's current monthly mortgage payment? $ (b) What is Diane's current outstanding balance? $ (c) If Diane decides to refinance her property by securing a 30-year home mortgage loan in the amount of the current outstanding principal at the prevailing interest rate of 5% per year compounded monthly, what will be her monthly mortgage payment? Use the rounded outstanding balance. (d) How much less would Diane's monthly mortgage payment be if she refinances? Use the rounded values from parts (a)-(c). %24 %24Your brother-in-law asks you to lend him $225000.00 as a second mortgage on his vacation home. He promises to make level monthly payments for 10 years, 120 payments in all. You decide that a fair interest rate is 4.50% compounded annually. What should the monthly payment be on the $225000.00 loan? O $2369.60 $2331.86 $1875.00 O $2272.31 O $1959.37Maria Addai has been offered a future payment of $750 2 years from now. If she can earn 6.5%, compounded annually, on her investment, what should she pay for this investment today?
- i need the answer quicklyWhat mortgage would result in a higher payment? Mortgage A $985 a month for 30 years or Mortgage B $780 a month for 5 years and $1,056 a month for 25 years?An individual wishes to purchase a house that is selling for $200,000. The person has $50,000 they can use as a down-payment towards the purchase of the house. The bank is offering a 5-year Term with an interest rate of 10% compounded monthly. The mortgage amount will be amortized over a period of 10-years. What are the individual's monthly payments? How much of the original amount of the mortgage is still outstanding at the end of the 5-year Term of the mortgage disçussed in Part 1 of this problem?