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![Answer: Option-(C): $71.00 Workings: $11,784 ($982 x 12 months] [$876 x 12 months] Current mortgages annual payments in firs](http://img.homeworklib.com/questions/82bb0950-71a0-11ea-9737-63d22087baeb.png?x-oss-process=image/resize,w_560)
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26) Dennis Lynn can refinance a mortgage by paying $716 in closing costs and $485 for...
Math of finance Bob is paying 1184.87 in monthly mortgage payments. She wants to refinance her...
Math of finance Bob is paying 1184.87 in monthly mortgage payments. She wants to refinance her existing mortgage loan of $100,000 at 14% interest for 30 years that she obtained 4 years ago. Her mortgage officer informed her that he could get her a rate of 10% but the finance cost would include paying a prepayment penalty on the existing loan, which is equal to 6 months interest on the balance of the loan, plus a closing cost of $2000....
[2 points] Suppose that 15 years ago you bought a home for $500,000, paying 20% as...
[2 points] Suppose that 15 years ago you bought a home for $500,000, paying 20% as a down payment, and financing the rest at 5% interest for 30 years. How much money did you pay as your down payment? [2 points] How much money was your existing mortgage (loan) for? [2 points] What is your current monthly payment on your existing mortgage? Note: Carry at least 4 decimal places during calculations, but round your final answer to the nearest cent....
Assume that you have a 30 year fully-amortized fixed rate mortgage for your home. Your loan...
Assume that you have a 30 year fully-amortized fixed rate mortgage for your home. Your loan amount is $300,000 with a 3% annual interest rate. After 28 years, you would like to sell the property. What is your loan balance at the end of 28 years? Assume that you have a 30 year fully-amortized fixed rate mortgage for your home. Your loan amount is $300,000 with a 3% annual interest rate and your balloon payment is $50,000. What is your...
Real Estate Finance answer all please . John Corbitt takes a fully amortizing mortgage for $80,000 at 10 pe...
Real Estate Finance
answer all please
. John Corbitt takes a fully amortizing mortgage for $80,000 at 10 percent interest for 30 years, monthly payments. What will be his monthly payment? 2. Dave Burns wants to buy a house. To do so, he must incur a mortgage. A local lender has determined that Dave can afford a monthly payment of $600, principal and interest. If the current interest rate on 30-yearm fixed-rate mortgage is 9.50 percent, what is the maximum...
164 PART 3 Valuation of Future Cash Flows CHAPTER CASE S&S Air's Mortgage M ark Sexton...
164 PART 3 Valuation of Future Cash Flows CHAPTER CASE S&S Air's Mortgage M ark Sexton and Todd Story, the owners of S&S Air, Inc., IV Iwere impressed by the work Chris had done on finan- cial planning. Using Chris's analysis, and looking at the de- mand for light aircraft, they have decided that their existing fabrication equipment is sufficient, but it is time to acquire a bigger manufacturing facility. Mark and Todd have identi- fied a suitable structure that...
need help thanks! Suppose that you have just borrowed $250,000 in the form of a 30...
need help thanks!
Suppose that you have just borrowed $250,000 in the form of a 30 year mortgage. The loan has an annual interest rate of 9% with monthly payments and monthly compounding. a. What will your monthly payment be for this loan? b. What will the balance on this loan be at the end of the 12th year? How much interest will you pay in the 7th year of this loan? d. How much of the 248th payment will...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...
Problem 5-9 Present Value of a Perpetuity (LG5-5) What's the present value, when interest rates are...
Problem 5-9 Present Value of a Perpetuity (LG5-5) What's the present value, when interest rates are 8.5 percent of a $90 payment made every year forever? (Round your answer to 2 decimal places.) Present value Problem 5-3 Future Value of an Annuity (LG5-2) What is the future value of a $990 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value Problem 5-31...
Hi can You help me make a summary about this short article, and also tell me...
Hi can You help me make a summary about this short article, and
also tell me how it affects me economically as US citizen ?
As Government Shutdown Persists, Americans Feel the
Bite
Members of the Secret Service on Monday outside the White House.
Virtually every employee with the agency is required to work during
the shutdown.CreditDoug Mills/The New York Times
Image
Members of the Secret Service on Monday outside the White House.
Virtually every employee with the agency is...
Can someone please tell me what chapters (1-5) these questions are based on? I have already answered the questions and u...
Can someone please tell me what chapters (1-5) these questions
are based on? I have already answered the questions and understand
how to solve the material, but i want to be able to pinpoint where
i can find this info. in the book. I am using Brigham’s
Fundamentals of Financial Management (pictures attached). If it is
hard to read, please let me know. i will post better pictures. i
know the time vale of money stuff already
EDIT: HERE IS...
Real Estate Finance
answer all please
. John Corbitt takes a fully amortizing mortgage for $80,000 at 10 percent interest for 30 years, monthly payments. What will be his monthly payment? 2. Dave Burns wants to buy a house. To do so, he must incur a mortgage. A local lender has determined that Dave can afford a monthly payment of $600, principal and interest. If the current interest rate on 30-yearm fixed-rate mortgage is 9.50 percent, what is the maximum...
164 PART 3 Valuation of Future Cash Flows CHAPTER CASE S&S Air's Mortgage M ark Sexton and Todd Story, the owners of S&S Air, Inc., IV Iwere impressed by the work Chris had done on finan- cial planning. Using Chris's analysis, and looking at the de- mand for light aircraft, they have decided that their existing fabrication equipment is sufficient, but it is time to acquire a bigger manufacturing facility. Mark and Todd have identi- fied a suitable structure that...
need help thanks!
Suppose that you have just borrowed $250,000 in the form of a 30 year mortgage. The loan has an annual interest rate of 9% with monthly payments and monthly compounding. a. What will your monthly payment be for this loan? b. What will the balance on this loan be at the end of the 12th year? How much interest will you pay in the 7th year of this loan? d. How much of the 248th payment will...
Problem 5-9 Present Value of a Perpetuity (LG5-5) What's the present value, when interest rates are 8.5 percent of a $90 payment made every year forever? (Round your answer to 2 decimal places.) Present value Problem 5-3 Future Value of an Annuity (LG5-2) What is the future value of a $990 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value Problem 5-31...
Hi can You help me make a summary about this short article, and
also tell me how it affects me economically as US citizen ?
As Government Shutdown Persists, Americans Feel the
Bite
Members of the Secret Service on Monday outside the White House.
Virtually every employee with the agency is required to work during
the shutdown.CreditDoug Mills/The New York Times
Image
Members of the Secret Service on Monday outside the White House.
Virtually every employee with the agency is...
Can someone please tell me what chapters (1-5) these questions
are based on? I have already answered the questions and understand
how to solve the material, but i want to be able to pinpoint where
i can find this info. in the book. I am using Brigham’s
Fundamentals of Financial Management (pictures attached). If it is
hard to read, please let me know. i will post better pictures. i
know the time vale of money stuff already
EDIT: HERE IS...
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