Question #9: Exercise 45: Accelerated Loan Payment. Suppose you have a student loan of $30 000 with an APR of 9% for 20 years What are your required monthly payments? ANSWER: $ What will your total payment be for the 20-year term? ANSWER $ Suppose you would like to pay the loan off in 10 years instead of 20 What monthly payments will you need to make? ANSWERS What will your total payment be for the 10-year term? ANSWER: 5

Question #9: Exercise 45: Accelerated Loan Payment. Suppose you have a student loan of $30 000 with an APR of 9% for 20 years What are your required monthly payments? ANSWER: $ What will your total payment be for the 20-year term? ANSWER $ Suppose you would like to pay the loan off in 10 years instead of 20 What monthly payments will you need to make? ANSWERS What will your total payment be for the 10-year term? ANSWER: 5

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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Give typing answer with explanation and conclusion Assume you want to borrow $300,000 and have been presented with two options. The first option is a fully amortizing loan with an interest rate of 3% and $4000 of origination fees and points. The second option is an interest only loan with an interest rate of 4% and $5000 of origination fees and points. Both loans are for 30 years and have monthly payments. Further assume that if the borrower chooses the interest only loan, any money saved on the monthly payment can be invested with a projected return of 7%. Also assume that the proceeds from the investment will first be used to pay off any remaining balance on the loan. How much money will the investor have left at the end of 30 years after repaying the loan? Group of answer choices None, the investor will owe $12,373.42 $323,060.72 $22,063.08 $30,750.78
Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a $80,000 loan. Option 1: a 30-year loan at an APR of 8.15%. Option 2: a 15-year loan at an APR of 7.75%. Question content area bottom Part 1 Find the monthly payment for each option. The monthly payment for option 1 is $ enter your response here. The monthly payment for option 2 is $ enter your response here.
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Manual Solving A man has a loan of 500,000 for 10 years at 6.5% annually with annual payments. His payments are 45,000 for the first 5 years and X for the next 5 years. Find X. Construct the amortization schedule for this loan.*
If you could solve option 5 with the formulas please Option 5: Half the required money is taken out of an investment account that pays monthly interest at a 3% annual rate. The rest of the money is borrowed from a bank at a 4% annual interest rate, should payback within 3 years in equal monthly payments. Find the future value of the money taken from the investment account at the end of the shop development and periodic payments to the bank. Calculate Cumulative interest and principal payments.
QUESTION 1 You plan to buy a machine that has a total cost of RM90,400. You will make a down payment of 10% of the price of the machine. The remainder of the machine’s cost will be financed over a period of 5 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 10% compounded monthly. (a) What will the monthly payment be? (b) If you make a monthly payment at the beginning of every month, how would your answer change in (a)? Briefly explain. Note: 1Please clear question answer no Whois one (a),& (b) 2. No need excel formula
QUESTION 1 You plan to buy a machine that has a total cost of RM90,400. You will make a down payment of 10% of the price of the machine. The remainder of the machine’s cost will be financed over a period of 5 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 10% compounded monthly. a. What will the monthly payment be? b.If you make a monthly payment at the beginning of every month, how would your answer change in (a)? Briefly explain.
Q2) You need a loan to purchase new equipment. The loan will be paid off over 5 years with payments made at the end of every quarter. If the stated annual rate is 08.00% and quarterly payments are $303, what is the loan amount?
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You need a 19000 loan option 1 a 30 year loan at apr of 7.5 option 2 a 15 year loan at apr of 6.5 what is the monthly payment for option 1 what is the monthly payment for option 2 what is the total payment of each which loan is better
Question 2: Please draw the Cash Flow on the diagram. You Take a Loan to Buy an Apartment for : 100,000JD Interest Rate : 12.0% Loan Period : 30 years Down payment : 20% Registration Fees : 5% Selling Price @ year 30 : 900,000 JD Calculate the monthly payment=? Calculate the NPV.
To pay for your education, you've taken out $24 comma 00024,000 in student loans. If you make monthly payments over 1212 years at 66 percent compounded monthly, how much are your monthly student loan payments? Question content area bottom Part 1 Your monthly student loan payments are $enter your response here. (Round to the nearest cent.)

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