i
i got these answers wrong! please help
Answer
--Mortage Schedule
Date | Payment | Interest | Principal | Loan Balance |
Year 0 | $280,000 | |||
Year 1 | $16,192 | $11,200 | $4,992 | $275,008 |
--Working
Date | Payment | Interest | Principal | Loan Balance |
Year 0 | 280000 | |||
Year 1 | 16192 | =280000*4% | =16192-11200 | =280000-4992 |
i i got these answers wrong! please help Question 4 0.5/2 pts You obtain a mortgage...
Question 4 2 pts You obtain a mortgage for $280,000 at a 4% interest rate with yearly payments of $16,192. Fill out the mortgage schedule for year 1. (Round answers to the nearest dollar) Payment Interest Principal Date Year o Loan Balance $280,000 Year 1
You obtain a mortgage for $280,000 at a 4% interest rate with yearly payments of $16,192. Fill out the mortgage schedule for year 1. (Round answers to the nearest dollar) Interest Principal Loan Balance Date Payment Year 0 $280,000 Year
Question 4 2 pts You obtain a mortgage for $280,000 at a 4% interest rate with yearly payments of $16,192. Fill out the mortgage schedule for year 1. (Round answers to the nearest dollar) Payment Interest Principal Date Year o Loan Balance $280,000 Year 1 Question 5 1 pts Based on the table below, what is the Leverage ratio for: (Round to 2 decimal places) Twitter Facebook Google Which company is the most risky capital structure: Twitter Facebook, or Google?...
Revesz Inc. signs a 10-year, 4%, $324,000 mortgage payable on November 30, 2017, to obtain financing for a new machinery. The terms provide for payments at the end of each month. Prepare the entries to record the mortgage on November 30, 2017, and the first two payments on December 31, 2017, and January 31, 2018, assuming the payment is (a) a fixed principal payment of $2,700, plus interest, and (b) a blended principal and interest payment of $3,280. (Credit account...
I seem to be going wrong somewhere on A. 10.5.19 Laura and Martin obtain a 30-year, 5170,000 conventional mortgage 90% on a house selling for $200.000 Their monthly mortgage payment, including principal and interest is $136850 a) Determine the total amount they will pay for the house b) How much of the cost will be interest? c) How much of the first payment on the mortgage is applied to the principal? a) The total amount that Laura and Martin will...
Complete the first two months of each amortization schedule for a fixed-rate mortgage. Mortgage, $145,200; Interest rate, 7.4%; Term of loan, 12 years Fill out the amortization schedule below and round all values to the nearest cent. Payment Number Total Payment Interest Payment Principal Payment Balance of Principal $145,200 (d) $ (a) $ (b) $ (c)$| |
E9-20A (similar to) Question Help Space Corp. issued a $550,000, 8 percent mortgage on January 1, 2018, to purchase warehouses. Read the requirements Requirement 1. Complete the amortization schedule for Space Corp., assuming payments are made semiannually. (Round amounts to the nearest dollar.) Date Jan 1, 2018 Jun 30, 2018 Payment Interest Principal Loan Balance 550,000 $26,602 Requirements 1. Complete the amortization schedule for Space Corp., assuming payments are made semiannually. Round amounts to the nearest dollar. 2. Record the...
PH Use PMT = - to determine the regular payment amount, rounded to the nearest cent. The cost of a home is financed with a $110,000 30-year fixed-rate mortgage at 4%. -nt a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage. a. The monthly payment is $525.16. (Do not round until the final answer. Then round to the nearest cent as needed.) The...
should be explain it on excel Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (10 pts) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. 1. What initial principal will this repay? (b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year. 1. What initial principal will this repay? (c) Assume monthly car...
I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE. 0.5 pts Question 3 Violet deposits $7,073 at the end of each year into an account paying a nominal annual interest rate of 8% compounded monthly. How much does Violet have in the account at the end of 11 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("') or a decimal point (".") 0.5 pts Question 4 Paisley Motors helped out a...