A mortgage company offers to lend you $100,000. The loan calls for payments of $600 per...

A mortgage company offers to lend you $100,000. The loan calls for payments of $600 per month for 30 years. What interest rate is the mortgage company charging you?

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jeff jeffy answered 2 years ago

A mortgage company offers to lend you $85,000; the loan calls for payments of $8,383.86 at...

A mortgage company offers to lend you $85,000; the loan calls for payments of $8,383.86 at the end of each year for 30 years. What interest rate is the mortgage company charging you? Round your answer to two decimal places. _______% While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9.20%. If Mary repays $1,500 per year, how long (rounded up to the nearest year) will...

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You have an outstanding student loan with required payments of $ 600 per month for the...

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A fully amortizing mortgage loan is made for $100,000 at 4.5% for 30 years. Payments will...

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Band A offers to lend XYZ Corm $5,000,000 to be amortized in 10 annual payments at an interest of 0.07. Bank B's terms are that XYZ must pay an annual interest of $300,000 and make annual deposits into a sinking fund that accumulates to five million in 10 years and which earns interest at 0.04. Which bank is offering better term? Explain in detail.

you are taking out a $100,000 mortgage loan to be repaid over 25 years in 300...

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A borrower is offered a mortgage loan for $100,000 with an interest rate of 10% and...

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1.Audra owns a rental house. She makes mortgage payments of $600 per month, which include insurance,...

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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...

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