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- Your brother's business obtained a 30-year amortized mortgage loan for $175,000 at a nominal annual rate of 7.4%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for Year 1? a. $1,645.03 b. $14,539.98 c. $12,950.00 d. $11,825.05 e. $12,894.95Suppose you obtain a 30 year mortgage loan of 197,000$ at an annual interest rate of 8.1%. The annual property tax bill is $967 and the annual fire insurance premium is 495$. Find the total monthly payment for the mortgage, property tax, and fire insurance.Find the following for a $ 200,000 fixed-rate mortgage and the given information. a) Monthly mortgage payment (principal and interest) b) Monthly house payment (including property taxes and insurance) c) Initial monthly interest d) Income tax deductible portion of initial house payment e) Net initial monthly cost for the home (considering tax savings)term of mortgage 15 years interest rate 7.5%annul property tax $960 Annual insurance $576 owners tax bracket 45%
- Use the following amortization chart: Selling price of home $77,000, Down payment $5,000, Principal $72,000, Rate of interest 5.0%, 30 years, Payment per $1,000 $5.37, Monthly mortgage payment $386.64. What is the total cost of interest?JPX's decides to value a property based on its expected net after-tax monthly cash flow of $7,400, as if it were a perpetuity. Assuming the next cash flow is received one-month from today, what is the property value given a discount rate of 11.52% APR, compounded monthly? A) 770808 B) 770833 C) 770865 D) 770912The annual debt service on a property is $25,000 and the pre-tax cash flow is $50,000. If the mortgage capitalization rate is 8.5% and the overall rate is 10%, what is the indicated value of the property?
- Suppose you obtain a 20 year mortgage loan of 194,000$ at an annual interest rate of 8.2%. The annual property tax bill is 978$ and the annual fire insurance premium is 482$. Find the total monthly payment for the mortgage, property tax, and fire insurance. Round answer to nearest cent.On January 1, 2013, your brother's business obtained a 30-year amortized mortgage loan for $350,000 at a nominal annual rate of 7.35%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for 2014 (sencond year mortgage interest expense)?Calculate using at least 4 decimal points and round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72 in the answer box provided. A. $23,079.40 B. $25,869.22 C. $24,601.12 D. $26,883.70 E. $25,361.98You recently purchased an office building for $1,950,000 using the following loan terms: 70% LTV, 20-year amortization, 6.25% interest and monthly compounding. Assuming a net operating income of $150,000 in Year 1 and income taxes equal to $11,000, what is the expected ATCF from Operations in Year 1?
- A buyer is applying for a mortgage loan of $70,000, with an annual interest rate of 12% and blended monthly payments of $722.32 including both principal and interest. The taxes on the property being mortgaged are $1900 per annum. The buyer has a gross income of $41,400 per annum. The buyer's debt service ratio is: a.20.94% b.15.10% c.25.53% d.25.78%On January 1, 2013, your brother's business obtained a 30-year amortized mortgage loan for $350,000 at a nominal annual rate of 7.35%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for 2016. Calculate using at least 4 decimal points and round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72 in the answer box provided. Group of answer choices $21,558.37 $28,001.11 $24,779.74 $22,797.36 $25,523.13Suppose you obtain a 30-year mortgage loan of $196,000 at an annual interest rate of 7.9%. The annual property tax bill is $977 and the annual fire insurance premium is $482. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)