The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

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Answer 1

Question

Chapter 14.I, Problem 4TIE

(a)

To determine

To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

(b)

To determine

To calculate: The amount equal to be obtained from J, the proceeeds of the seller receives at the end of the sale and the Principal amount is $120, 000, the down payment is 20 Years, the duration in which the balance amount is going to be financed 15 Years, Interest rate during this period is 9 %, Initial deposit paid by J is $100, 000, he needs to pay loan application fee $ 100, property transfer fee $190.

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Answer 2

Question

Chapter 14.I, Problem 4TIE

(a)

To determine

To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

(b)

To determine

To calculate: The amount equal to be obtained from J, the proceeeds of the seller receives at the end of the sale and the Principal amount is $120, 000, the down payment is 20 Years, the duration in which the balance amount is going to be financed 15 Years, Interest rate during this period is 9 %, Initial deposit paid by J is $100, 000, he needs to pay loan application fee $ 100, property transfer fee $190.

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Answer 3

Question

Chapter 14.I, Problem 4TIE

(a)

To determine

To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

(b)

To determine

To calculate: The amount equal to be obtained from J, the proceeeds of the seller receives at the end of the sale and the Principal amount is $120, 000, the down payment is 20 Years, the duration in which the balance amount is going to be financed 15 Years, Interest rate during this period is 9 %, Initial deposit paid by J is $100, 000, he needs to pay loan application fee $ 100, property transfer fee $190.

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Answer 4

Question

Chapter 14.I, Problem 4TIE

(a)

To determine

To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

(b)

To determine

To calculate: The amount equal to be obtained from J, the proceeeds of the seller receives at the end of the sale and the Principal amount is $120, 000, the down payment is 20 Years, the duration in which the balance amount is going to be financed 15 Years, Interest rate during this period is 9 %, Initial deposit paid by J is $100, 000, he needs to pay loan application fee $ 100, property transfer fee $190.

Expert Solution & Answer

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Answer 5

Chapter 14.I, Problem 4TIE

(a)

To determine

To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

(b)

To determine

To calculate: The amount equal to be obtained from J, the proceeeds of the seller receives at the end of the sale and the Principal amount is $120, 000, the down payment is 20 Years, the duration in which the balance amount is going to be financed 15 Years, Interest rate during this period is 9 %, Initial deposit paid by J is $100, 000, he needs to pay loan application fee $ 100, property transfer fee $190.

Answer 6

Chapter 14.I, Problem 4TIE

(a)

To determine

To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

Answer 7

Chapter 14.I, Problem 4TIE

(a)

To determine

To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

Answer 8

(b)

To determine

To calculate: The amount equal to be obtained from J, the proceeeds of the seller receives at the end of the sale and the Principal amount is $120, 000, the down payment is 20 Years, the duration in which the balance amount is going to be financed 15 Years, Interest rate during this period is 9 %, Initial deposit paid by J is $100, 000, he needs to pay loan application fee $ 100, property transfer fee $190.

Answer 9

(b)

To determine

To calculate: The amount equal to be obtained from J, the proceeeds of the seller receives at the end of the sale and the Principal amount is $120, 000, the down payment is 20 Years, the duration in which the balance amount is going to be financed 15 Years, Interest rate during this period is 9 %, Initial deposit paid by J is $100, 000, he needs to pay loan application fee $ 100, property transfer fee $190.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 14.I - What is the monthly payment and total interest on...Ch. 14.I - Prob. 2TIE Ch. 14.I - Prob. 3TIE Ch. 14.I - Prob. 4TIE Ch. 14.I - Prob. 5TIE Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 2RE Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 4RE Ch. 14.I - Prob. 5RE

The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

Solution Summary: The author calculates the closing costs of the buyer and the Proceeds to the seller by using a formula.

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To calculate: The amount equal to be obtained from J, To calculate the proceeeds of the seller receives at the end of the sale.

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