Suppose that 20 monthly payments of $100 each are followed by 30
monthly payments of $200...
Suppose that 20 monthly payments of $100 each are followed by 30
monthly payments of $200 each. If the interest is at an effective
monthly rate of 0.5%, what is the accumulated value of the series
at the time of the final payment?
3-year annuity immediate with monthly payments has an initial
payment of 200. Subsequent monthly payments are x% more than each
preceding payment. Given that the amount of the 14th payment is
481.969, determine the present value of the annuity using a 9%,
compounded monthly, interest rate.
suppose you take a mortgage for $95,000 at 6.50% for 30 years,
monthly payments. the loan has a 5% prepayment penalty if the loan
is repaid within the first 5 years of life. if you repay the loan
at the end of year 4 what is the payoff of the loan?
A- 0 B- 4,515 C- 90,307 D-156,250
You to refinance your current mortgage that has a current
balance of $150,000 and does not have a prepayment penalty. Your
lender...
An
annuity immediate has 40 initial quarterly payments of 20 followed
by perpetuity of quarterly payments of 25 starting in the eleventh
year. Find the present value at 4% convertable quarterly.
Suppose you take a fixed-rate mortgage for $250,000 at 4.50% for
30 years, monthly payments.
A. (1 pt) How much of the payment is interest for month 100?
B. (1 pt) How much total interest do you pay in the first six
years?
Suppose you bought a new home for $240,000 using a 30-year
mortgage with monthly payments of $1,548.667. The annual interest
rate of the mortgage is 6.7%. After the first 3 years (36 monthly
payments), approximately how much money have you paid in interest
and how much in principal?
Group of answer choices
Interest: $55,752.02; Principal: $8,294.67
Interest: $47,457.35; Principal: $8,294.67
Interest: $1,548.67; Principal: $231,705.33
Interest: $47,457.35; Principal $1,548.67
Suppose that you are currently making
monthly payments on a $350,000 30-year mortgage at 4.89% interest
compounded monthly. For the last 5 years, you have been paying the
regular monthly payments. You now have the option to refinance your
current mortgage with a new 30-year mortgage that has an interest
rate of 4.26% compounded monthly. Note that the lender of the new
loan has a closing cost fee of $2,000 (for title insurance, home
appraisal costs, etc.) for the new...
What is the price of a monthly bond (makes payments monthly)
that has 20 years to maturity, a coupon rate of 12.00%, and a face
value of $1,000 if your required rate of return is an APR of 18.00%
with quarterly compounding?
Suppose you borrow $180,000 at 6% for 30 years, monthly payments
with two discount points. Your mortgage contract includes a
prepayment penalty of 4% over the entire loan term.
A. (1 pt) What is the APR of this loan?
B. (1 pt) What is the effective cost if you prepay the loan at the
end of year five?
1.Suppose you take a 30 year
fixed-rate mortgage for $175,000 at 5.50%, monthly payments with a
two discount point rebate (negative discount points) to the
borrower. Assume that you have no other financing fees.
A.(1 pt) What is the APR of the
loan?
B.(1 pt) What is the effective cost
with a five-year holding period?
Suppose you take a fixed-rate mortgage for $200,000 at 5.00% for
30 years, monthly payments.
1) How much of the payment is interest for month 100? How much
interest do you pay in the first six years?