If I will loan a house and lot worth P6.3M cash and with a little discussion and transaction with the sales person we agreed on 10% down payment and the monthly amortization will be computed in this term for the 25 year payment scheme, 8.5% compounded monthly. What is the amount of the monthly amortization I must pay in pesos? What is the future worth of my loan? How much interest has been accumulated after 25 years?

Q: You have purchased a house and take out a $600,000 loan with a 30 year term at 5% nominal annual…

A: Information Provided: Loan amount = $600,000 Year = 30 Interest rate = 5% compounded monthly

Q: Consider borrowing $250,000 to purchase a house at a 4% annual interest rate to be paid in full in…

A: The debt amortization schedule refers to the table that showcases the interest and principal…

Q: A bank offers to pay you 6 percent compounded monthly. Franco decide to invest 1 million pesos for…

A: Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50% Period = 1 Year Monthly period (n) =…

Q: You want to buy a $255,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…

A: Amount of home = $255,000 Down payment = 5%  The time duration of the loan = 30 years

Q: You look to pay the loan back over 30 years paying 1% per month. You are taking out a mortgage for…

A: Installment is the amount of periodic payments a borrower makes to its lender in order to pay back…

Q: A house and lot is to be purchased by paying 35,000 pesos monthly for 25 years. The first payment is…

A: The question is related to Cash price of the house and lot if interest rate is 12% converted…

Q: How much money must be deposited today in order to withdraw P500  monthly for 5 years if interest…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: You decide to buy a house costing $6,000,000. You pay $1,000,000 down, and the remainder will be…

A: Here, Value of House is $6,000,000 Down Payment is $1,000,000 Therefore, Loan Amount (PV) is:…

Q: You've been offered a loan of $20000, which you will have to repay in 5 equal annual payments of…

A: Present Value = pv = $20,000Number of Payment = n = 5Payment = p = $6000

Q: Suppose you have $2,100 and plan to purchase a 10-year certificate of deposit (CD) that pays 13.1%…

A: Value when the CD matures = 2100 x (1 + 0.131)^10 = $7191.93

Q: You purchase a car priced at 750,000 Php. You paid 10% as the down payment and the remaining balance…

A: Using Excel pmt formula to calculate  monthly payments

Q: re buying a R150 000 house for 10% deposit, with the rest financed by a bank loan a 1, compounded…

A: In this we have to calculate the present value FACTOR monthly and get monthly payments.

Q: se you recently bought a house for R1 650 000 and secured a home loan from the bank, with an…

A: Mortgage loans are paid by equal monthly installments and these carry the payment for interest and…

Q: You purchase a car priced at 750,000 Php. You paid 10% as the down payment and the remaining balance…

A: P= 675,000 (after down Payment) r= 0.4% (monthly) n= 10 yrs* 12months= 120 months Calculate interest…

Q: You buy a house for $250,000 and pay $50,000 down.  The loan is for 25 years at 6% monthly. What is…

A: Interest: it is a finance cost that charged on borrowed value for specific period.

Q: Suppose you have $1,000 and plan to purchase a 1-year certificate of deposit (CD) that pays 0%…

A: The maturity amount of a certificate of deposit can be calculated using the compound interest…

Q: You've been offered a loan of $10000, which you will have to repay in 10 equal annual payments of…

A: We take loans to buy large ticket items like a car or a house or to fund high expenses like college…

Q: 1. What would have been the normal monthly payment for a loan like this?  R  Blank 1. Fill in the…

A: The monthly payment on a loan refers to the periodic repayment amount extended to the lender. Loan…

Q: a. How much is the monthly amortization? b. How much is the total interest?

A: Answer:

Q: What must be your annual quoted rate (APR)? After paying the loan for 5 years, you’re allowed to pay…

A: The annual rate of interest for a loan, often referred to as the annual interest rate or annual…

Q: What is the annuity payment?

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: A shady individual has approached you for a loan. He promises to pay you $500 at the end of five…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: What is the cash value of a property with a mortgage that requires payments of $1200 per month for…

A: To determine : Cash value of property  Monthly Payment = pmt = $1200 Term =  25 years Number of…

Q: If you took out a 30-year loan to buy a house for $1 million at an interest rate of 5%, how much…

A: The present value of monthly payments should equal the loan value.

Q: You have just received a windfall from an investment you made in a​ friend's business. She will be…

A: Given information, Cash flow in year 1 (CF1) = $29,403Cash flow in year 2 (CF2) = $58,806Cash flow…

Q: 6) You buy a $400,000 house. The loan is for 25 years and is at 4.5% monthly. What is the monthly…

A: Loan is a contract between lender & borrower where lender provides funds to borrower for…

Q: How much would you have to pay each year to pay off a 5%, 7-year loan of $300,000?

A: In the given question we require to calculate the annual payment to pay off the loan of $300000 in 7…

Q: A customer would like to buy a brand-new house and lot payable monthly for 29 years. o What is the…

A: Answer: Calculation of the present value of the property: Formula, we will use here, Present value…

Q: A person borrows an amount for a new house and s/he is going to make monthly payments of 8,000 $ for…

A: (a) The amount borrowed by this person : Amount borrowed= $8000/(1.12) = 7142.85 (b) Credit Worth…

Q: You want to buy a car, and a local bank will lend you $40,000. The loan will be fully amortized over…

A: An amortization schedule is a table or chart that provides a detailed breakdown of each periodic…

Q: Suppose you make a down payment of 6% of $27,600 for a car and finance the rest at 1.5% compounded…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: If I can invest R120 today and I want to have R500 in my account 4 years from today at what interest…

A: Amount invested Today=120Year-2 , Amount invested=100Year-4, Amount Received =500Time period=4…

Q: Suppose that you have good credit and can get a 30-year mortage for $100,000 at 5%. What is your…

A: A mortgage is a loan made usually for a property in which the collateral is the property itself.

Q: You plan to buy a car for R250 000, you will give a deposit of R25000. The remainder of the cost…

A:

Q: . What are the monthly loan payments? Enter your response below.

A: The monthly payment on a loan is the set amount that is recurrently paid to the lender over the…

Q: you borrowed $400 from a friend and promised to repay the loan by making three annual payments at…

A: Loan amount is equal to the present value of payment done based on time value of money..

Q: Susan Bentley will purchase a home for $257,000. She will use a down payment of 20% and finance the…

A: Installment is the amount of periodic payments a borrower makes to its lender in order to pay back…

Q: a. Find the amount borrowed by this person. b. How much does this credit worth at the end of the…

A: Given,  A = 8000 r = 12% nominal monthly rate = 12%/12 = 1% n = 10*12 = 120

Q: You lend a friend $35, 000, which your friend will repay in 12 equal annual end - of - year payments…

A:

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.