Your bank offers the following options on a $100,000 mortgage: 1. A 15-year, 4% loan with no points 2. A 15-year, 3.5 % loan, with 1.5 discount points.. The interest portion of the first payment (INT) is. for option 2. O $333.33: $291,67 None of the above. O $4,000; $3,500 $406.36; $423.21 for option 1, and

Q: Please show reaekson and don't use hend raiting

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Q: Suppose you have taken out a $125,090 fully amortizing fixed rate mortgage loan that has a term of…

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Q: What is the monthly payment on a $160,000, 30-year mortgage at 6% with a $40,000 balloon payment? O…

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Q: Suppose bank a offers a 229020 year 6.4% fixed rate mortgage with closing cost of 2600 + 4 points…

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Q: am. 120.

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Q: Toyota S murang auto finance company is prepared to offer you a loan of $38,000 to buy a new Toyota…

A: Loan amount (L) = $38000 n = 7 years r = 12% Let A = Annual repayment

Loans

A loan is a term that we are all familiar with. The processing of loans is one of the most important functions of a bank. It keeps our economy stable and facilitates the implementation of monetary policies. Let's take a look at the different forms of loans and get some answers to some common questions.