A ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl-https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%Use the following amortization chart:Principal(loan)$88,000Payment per$1,000$ 5.68Monthly mortgagepayment$ 499.84Rate ofSelling priceof homeDowninterestYearspayment$ 5,000$ 93,0005.5%30What is the total cost of interest? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.)Total cost of interestacer

The provided information are: Selling price of home = $93000 Down payment = $5000 Principal loan =…

Use the following amortization chart: Selling price of home $ 93,000 Principal (loan) $ 88,000 Rate of interest Years 5.5% Payment per $1, 000 $ 5.68 Monthly mortgage payment $ 499.84 Down payment $ 5,000 30 What is the total cost of interest? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) Total cost of interest

Use the following amortization chart: Selling price of home $ 93,000 Principal (loan) $ 88,000 Rate of interest Years 5.5% Payment per $1, 000 $ 5.68 Monthly mortgage payment $ 499.84 Down payment $ 5,000 30 What is the total cost of interest? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) Total cost of interest

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A C
Develop an amortization schedule for the loan described. (All answers should be entered in dollars. Round your answers to the nearest cent.) 1 $90,000 for 2 years at 12% compounded semiannually Period 1 2 3 4 5 $ $ $ $ $ Payment $ $ $ $ $ Interest Balance Reduction $ $ $ $ $ Unpaid Balance $90,000 $ $ $ $ $0.00
+ ument Construct an amortization schedule for a Php10,000, 6% annual rate loan with 6 equal payments. Ending Loan Balance Period Beginning Loan Balance Payment Interest Principal
Develop an amortization schedule for the loan described. (All answers should be entered in dollars. Round your answers to the nearest cent.) $90,000 for 2 years at 10% compounded semiannually Balance Reduction. Period 1 2 3 4 5 Payment $ S S $ $ $ S Interest $ $ $ $ $ Unpaid Balance $90,000 0000 $0.00
Consider the following amortization schedule: Payment # Payment 1 966.45 2 966.45 3 966.45 Interest Debt Payment 750.00 748.92 X 216.45 217.53 Y Balance 149, 783.55 149,566.02 2 With the exception of column one, all amounts are in dollars. Calculate . Give your answer in dollars to the nearest dollar. Do not includo ar or the dollar sign in your answor
Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of home down payment principal (loan) Rate of interest years payment per $1,000 Monthly mortgage payment $160,000 $20,000 3 1/2% 30
Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of home $ Down payment 75,000 $ Principal (loan) 4,000 $ 71,000.00 Rate of interest 5.5 % Years 30 Payment per $1,000 Monthly Martege Payment r
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $15,000 for 1 year at 12% compounded quarterly Period Payment Interest Balance Reduction Unpaid Balance $15,000 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $ 4 $ $ $ $0.00
D ▶ Construct on amortization Schedule for a $275,000, 68% amual rate loan with 30 equal payments. SHTE D
Use the amortization table to determine how much interest is paid in the first 4 months of the loan. Click the icon to view the amortization table. $ (Type an integer or a decimal.) Amortization Table Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 Amortization Table Amount of Payment $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.13 Print Interest for Period $12.50 $11.49 $10.47 $9.44 $8.42 $7.38 $6.34 $5.30 $4.25 $3.20 $2.14 $1.07 Portion to Principal $202.67 $203.68 $204.70 $205.73 $206.75 $207.79 $208.83 $209.87 $210.92 $211.97 $213.03 $214.06 Done Principal at End of Period $2500.00 $2297.33 $2093.65 $1888.95 $1683.22 $1476.47 $1268.68 $1059.85 $849.98 $639.06 $427.09 $214.06 $0.00
Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase(Cash)Price DownPayment AmountFinanced MonthlyPayment Number ofPayments FinanceCharge TotalDeferredPaymentPrice $2,600 0 $ $188.69 18 $ $
Please answwer the 3 because they are related... Construct an amortization schedule for a $1,000, 5% annual rate loan with 3 equal payments. The first payment will be made at the end of the1st year. Find the required annual payments $355.8 $367.2 $388.0 $390.7 Based on the information from Question 35, what’s the ending balance of the amortized loan at the end of the third year $0 $349.7 $388.3 $682.8 Based on the information from Question 35 and 36, calculate the total amount of interests you should pay for the amortized loan in three years. $28.8 $55.4 $80.0 $101.6

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