Using this table as needed, calculate the required information for the mortgage.Amount InterestFinancedRate$88,5008.00%Need Help? Read ItSubmit AnswerTermof Loan(years)30Numberof $1,000sFinanced88.5TableFactor(in $)7.34MonthlyPayment(in $)XLATotalInterest(in $)X

Monthly payment refers to an amount that is being paid at every period for the repayment of loan…

Using this table as needed, calculate the required information for the mortgage. Term of Loan (years) Number of $1,000s Financed Amount Interest Financed Rate $88,500 8.00% Need Help? Read It 30 88.5 Table Factor (in $) 7.34 $[ Monthly Payment (in $) x $1 Total Interest (in $) X

Using this table as needed, calculate the required information for the mortgage. Term of Loan (years) Number of $1,000s Financed Amount Interest Financed Rate $88,500 8.00% Need Help? Read It 30 88.5 Table Factor (in $) 7.34 $[ Monthly Payment (in $) x $1 Total Interest (in $) X

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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Concept explainers

Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.

Question

100%

Using this table as needed, calculate the required information for the mortgage.
Amount Interest
Financed
Rate
$88,500
8.00%
Need Help? Read It
Submit Answer
Term
of Loan
(years)
30
Number
of $1,000s
Financed
88.5
Table
Factor
(in $)
7.34
Monthly
Payment
(in $)
X
LA
Total
Interest
(in $)
X

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Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $87,000 5.75% 25 $547.23
I need proper step by step explanation
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Find the indicated amounts for the fixed-rate mortgages. Purchase price of home Down Mortgage Interest payment amount Monthly payment Mortgage payment Total paid for mortgage Interest Years rate paid per $1,000 S130,000 | Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 5.00% 30 The mortgage amount is $ (Round to the nearest dollar as needed.)
Help please
Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) Amount Interest Financed Rate $165,300 5.25% Term of Loan (years) 15 Number of $1,000s Financed Table Factor (in $) Monthly Payment (in $) $ Total Interest (in $)
Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) Table Factor (in $) Amount Interest Financed Rate $165,300 5.25% Term of Loan (years) 15 Interest Rate (%) 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 Number of $1,000s Financed 165.30 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 9.50 9.75 10.00 10.25 10.50 10.75 11.00 11.25 11.50 11.75 12.00 12.25 12.50 12.75 13.00 Years 18.19 18.30 18.42 18.53 18.64 18.76 18.87 18.99 19.10 19.22 19.33 Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Financed Monthly Payments (Necessary to amortize a loan of $1,000) 19.68 19.80 19.92 20.04 20.16 20.28 20.40 20.52 20.64 20.76 20.88 21.00 21.12 21.25 21.37 21.49 21.62 $8.04 21.74 21.87 21.99 22,12 22,24 22.37 22.50 22.63 22.75 Years 9.89 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 11.61 11.74 11.87 12.00 12.13 12.40 12.53 12.67 12.80 12.94 13.08…
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Value Percentage $125,500 60% Percentage of Appraised Value (in $) $ Balance of First Mortgage $53,200 $ Potential Credit (in $)
2. Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $60,000 7 5 1 2 years $
Find the mortgage balance after the first three payments on a 3030-year $170,000$⁢170,000 mortgage that was financed at an APR of 4.25%4.25% and has a monthly payment of $836.30$⁢836.30. Payment Number Interest Payment Principal Payment Mortgage Balance 11 $602.08$⁢602.08 $234.22$⁢234.22 Balance 1 22 $601.25$⁢601.25 $235.05$⁢235.05 Balance 2 33 $600.42$⁢600.42 $235.88$⁢235.88 Balance 3
Using this table as needed, calculate the required information for the mortgage. Number Table Monthly Payment (in $) Term Total Amount Interest of Loan of $1,000s Financed Factor Interest Financed Rate (years) (in $) (in $) $78,500 8.00% 30
er A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F326%5Bdata-uuid-ab153a0624d544c2822 6. Comparing Total Mortgage Payments. Which mortgage would result in higher total payments? Mortgage A: $970 a month for 30 years Mortgage B: $760 a month for 5 years and $1,005 for 25 years 1.1 20 far $120.000 storts ot 4.01

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