The interest amount for the first month of the second year. If the mortgage amount is $ 110 , 000 and loan has been mortgage for 20 years and the index rate is 3 % and the margin rate is 2 % . There is periodic rate cap of 2 % per adjustment period and the principal at the end of the first year is $ 105 , 706.34 ..

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Answer 1

Question

Chapter 13.4, Problem 42E

(a)

To determine

To calculate: The interest amount for the first month of the second year. If the mortgage amount is $110,000 and loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period and the principal at the end of the first year is $105,706.34..

(b)

To determine

To calculate: the monthly payment for the first month of the second year. If the mortgage amount is $110,000 and the loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period. The principal at the end of the first year is $105,706.34.

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A movie studio wishes to determine the relationship between the revenue generated from the streaming of comedies and the revenue generated from the theatrical release of such movies. The studio has the following bivariate data from a sample of fifteen comedies released over the past five years. These data give the revenue x from theatrical release (in millions of dollars) and the revenue y from streaming (in millions of dollars) for each of the fifteen movies. The data are displayed in the Figure 1 scatter plot. Theater revenue, x Streaming revenue, y (in millions of (in millions of dollars) dollars) 13.2 10.3 62.6 10.4 20.8 5.1 36.7 13.3 44.6 7.2 65.9 10.3 49.4 15.7 31.5 4.5 14.6 2.5 26.0 8.8 28.1 11.5 26.1 7.7 28.2 2.8 60.7 16.4 6.7 1.9 Streaming revenue (in millions of dollars) 18+ 16+ 14 12+ xx 10+ 8+ 6+ 2- 0 10 20 30 40 50 60 70 Theater revenue (in millions of dollars) Figure 1 Send data to calculator Send data to Excel The least-squares regression line for these data has a slope…

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Answer 2

Question

Chapter 13.4, Problem 42E

(a)

To determine

To calculate: The interest amount for the first month of the second year. If the mortgage amount is $110,000 and loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period and the principal at the end of the first year is $105,706.34..

(b)

To determine

To calculate: the monthly payment for the first month of the second year. If the mortgage amount is $110,000 and the loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period. The principal at the end of the first year is $105,706.34.

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Answer 3

Question

Chapter 13.4, Problem 42E

(a)

To determine

To calculate: The interest amount for the first month of the second year. If the mortgage amount is $110,000 and loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period and the principal at the end of the first year is $105,706.34..

(b)

To determine

To calculate: the monthly payment for the first month of the second year. If the mortgage amount is $110,000 and the loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period. The principal at the end of the first year is $105,706.34.

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Answer 4

Question

Chapter 13.4, Problem 42E

(a)

To determine

To calculate: The interest amount for the first month of the second year. If the mortgage amount is $110,000 and loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period and the principal at the end of the first year is $105,706.34..

(b)

To determine

To calculate: the monthly payment for the first month of the second year. If the mortgage amount is $110,000 and the loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period. The principal at the end of the first year is $105,706.34.

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Answer 5

Chapter 13.4, Problem 42E

(a)

To determine

To calculate: The interest amount for the first month of the second year. If the mortgage amount is $110,000 and loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period and the principal at the end of the first year is $105,706.34..

(b)

To determine

To calculate: the monthly payment for the first month of the second year. If the mortgage amount is $110,000 and the loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period. The principal at the end of the first year is $105,706.34.

Answer 6

Chapter 13.4, Problem 42E

(a)

To determine

To calculate: The interest amount for the first month of the second year. If the mortgage amount is $110,000 and loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period and the principal at the end of the first year is $105,706.34..

Answer 7

Chapter 13.4, Problem 42E

(a)

To determine

To calculate: The interest amount for the first month of the second year. If the mortgage amount is $110,000 and loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period and the principal at the end of the first year is $105,706.34..

Answer 8

(b)

To determine

To calculate: the monthly payment for the first month of the second year. If the mortgage amount is $110,000 and the loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period. The principal at the end of the first year is $105,706.34.

Answer 9

(b)

To determine

To calculate: the monthly payment for the first month of the second year. If the mortgage amount is $110,000 and the loan has been mortgage for 20 years and the index rate is 3% and the margin rate is 2%. There is periodic rate cap of 2% per adjustment period. The principal at the end of the first year is $105,706.34.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 13.1 - In the following exercises, assume whenever...Ch. 13.1 - In the following exercises, assume whenever...Ch. 13.1 - In the following exercises, assume whenever...Ch. 13.1 - In the following exercises, assume whenever...Ch. 13.1 - In the following exercises, assume whenever...Ch. 13.1 - In the following exercises, assume whenever...Ch. 13.1 - Find the future value of each deposit if the...Ch. 13.1 - Find the future value of each deposit if the...Ch. 13.1 - Find the future value of each deposit if the...Ch. 13.1 - Find the future value of each deposit if the...

Solution Summary: The author calculates the interest amount for the first month of the second year.

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