Homework Answers
| Date | Payment | Interest | Principal | Loan balance |
| Year 0 | $280,000 | |||
| Year 1 | 16,192 | 280,000 x 4% = 11,200 | 16,192 - 11,200 = 4,992 | 280,000 - 4,992 = 275,008 |
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You obtain a mortgage for $280,000 at a 4% interest rate with yearly payments of $16,192. Fill out the mortgage sch...
Question 4 2 pts You obtain a mortgage for $280,000 at a 4% interest rate with...
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 4 2 pts You obtain a mortgage for $280,000 at a 4% interest rate with...
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?...
i i got these answers wrong! please help Question 4 0.5/2 pts You obtain a mortgage...
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i got these answers wrong! please help
Question 4 0.5/2 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) Interest Principal Loan Balance Date Payment Year $280,000 Year 16192 85696
aSuppose you bought a house and took out a mortgage for $100,000. The interest rate is...
aSuppose you bought a house and took out a mortgage for $100,000. The interest rate is 3%, and you must amortize the loan over 10 years with equal end-of-year payments. A. Calculate the mortgage payment using the Excel function Rate Nper PV FV Payment B. Set up an amortization schedule that shows the annual payments and the amount of each payment that repays the principal and the amount that constitutes interest expense to the borrower and interest income to the...
Complete the first two months of each amortization schedule for a fixed-rate mortgage. Mortgage, $145,200; Interest...
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)$| |
Complete the first two months of an amortization schedule for the fixed-rate mortgage Mortgage: Interest rate:...
Complete the first two months of an amortization schedule for the fixed-rate mortgage Mortgage: Interest rate: Term of loan: $117.950 6.25% 13 years Complete the first two payments of the amortization schedule below. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Total Interest Principal Balance of Principal Number Payment Payment Payment
Jamie Enterprises purchased a warehouse by signing a long-term $400,000 mortgage with monthly payments of $3,100....
Jamie Enterprises purchased a warehouse by signing a long-term $400,000 mortgage with monthly payments of $3,100. The mortgage carries an interest rate of 9 percent. Prepare the first year of the mortgage payment schedule. Round answers to the nearest dollar. Pmnt # Payment Principal Interest Balance 0 400,000.00 1 2 3 4 5 6 7 8 9 10 11 12
Crab State Bank has offered you a $500,000 5-year loan at an interest rate of 9.25...
Crab State Bank has offered you a $500,000 5-year loan at an interest rate of 9.25 percent, requiring equal annual end-of-year payments that include both principal and interest on the unpaid balance. Develop an amortization schedule for this loan. Round your answers to the nearest dollar. Do not round intermediate calculations. End of Year Payment Interest (9.25%) Principal Reduction Balance Remaining 0 - - - $500,000 1 $ $ $ 2 3 ...
PH Use PMT = - to determine the regular payment amount, rounded to the nearest cent....
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...
4. Mortgage payments Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals...
4. Mortgage payments Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities. Mortgages are the reverse of annuities, because you get a lump-sum amount as a loan in the beginning, and then you make monthly payments to the lender. You've decided to buy a house that is valued at $1 million. You have $150,000 to use as a down payment on the house, and want to take out 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
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?...
i
i got these answers wrong! please help
Question 4 0.5/2 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) Interest Principal Loan Balance Date Payment Year $280,000 Year 16192 85696
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)$| |
Complete the first two months of an amortization schedule for the fixed-rate mortgage Mortgage: Interest rate: Term of loan: $117.950 6.25% 13 years Complete the first two payments of the amortization schedule below. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Total Interest Principal Balance of Principal Number Payment Payment Payment
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...
4. Mortgage payments Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities. Mortgages are the reverse of annuities, because you get a lump-sum amount as a loan in the beginning, and then you make monthly payments to the lender. You've decided to buy a house that is valued at $1 million. You have $150,000 to use as a down payment on the house, and want to take out a mortgage...
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