Question

*****PLEASE EXPLAIN HOW TO SOLVE USING THE FINANCIAL CALCULATOR**** Use the following information for the next...

*****PLEASE EXPLAIN HOW TO SOLVE USING THE FINANCIAL CALCULATOR****

Use the following information for the next 14 questions. Julie wants to buy a lovely house in the Dominion she saw advertised for the bargain price of $1,000,000. She will make a 20% down payment, and the lender will charge 3 discount points. The interest rate is 4.5%, for this 30-year loan. How much will the lender actually disburse?

QUESTION 2

  1. How much will Julie's principal and interest payment be each month?

    3,414.36

    3,665.99

    4,053.48

    4,740.51

1 points   

QUESTION 3

  1. After 1 year, how much will Julie have paid into principal?

    4,415.71

    4,941.72

    5,047.62

    12,905.79
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

SOLVED WITH BA II PLUS CALCULATOR

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
To answer the questions below: Include a statement at the end of each section. Describe the...
To answer the questions below: Include a statement at the end of each section. Describe the meaning of the numbers found. For instruction on how to submit the assignment review page 7 of the course outline. 1. [Class 9 - 21 Points] Julie has returned from her overseas posting and taken a total of $30,000 in savings and used it for a down payment on a house. The house costs $285,000, so the remaining $255,000 will be financed through a...
Solve using financial calculator and show steps please A borrower is evaluating a loan $100,000 with...
Solve using financial calculator and show steps please A borrower is evaluating a loan $100,000 with annual rate of interest at 12%. He anticipates making monthly payments of $2,100 then a lump sum payment of $10,000. How long is he expecting to be paying this loan rounded to the nearest number years / months?
Solve using a financial calculator: please show each step you use on the financial calculator! 1....
Solve using a financial calculator: please show each step you use on the financial calculator! 1. Given the following information, calculate the NPV for this property. Initial cash outflow: $200,000, Discount rate: 15%, CF for year 1: $25,876, CF for year 2: $23,998, CF for year 3: $23,130, CF for year 4: $22,105, CF for year 5: $144,670. Draw your cash flow diagram and show your steps used in financial calculator. 2. Suppose you purchased an income producing property for...
Complete the following problems using either a financial calculator or a spreadsheet program. Do not use...
Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to two decimal places for dollar or period values and four places for percentages stated as decimals; do not label answers with symbols such as $ or %. For example, 10.5% should be input as .1050. If he wants to buy a car and determines she can afford to pay $260.78 a month for a 4...
PLEASE SHOW HOW TO SOLVE USING FINANCIAL CALCULATOR. 20) Suppose Oppenheimer Bank is offering a 30-year...
PLEASE SHOW HOW TO SOLVE USING FINANCIAL CALCULATOR. 20) Suppose Oppenheimer Bank is offering a 30-year mortgage with an EAR of 6.80%. If you plan to borrow $150,000, what will your monthly payment be? 24) What is the present value (PV) of an investment today that pays $10,000 every year for four years, starting one year from today? Assume the interest rate is 7% APR, compounded quarterly. 25) You just deposited $2,500 in a bank account that pays a 12%...
Use the following information for the next 2 questions: Tony and Pepper are planning to buy...
Use the following information for the next 2 questions: Tony and Pepper are planning to buy a new house for $500,000. They can get approved for a 3.6% APR, 30-year mortgage. In an amortization schedule: 17) What is the amount of principal payment in their first month mortgage payment? Question 17 options: $773 $790 $1,800 $963 What is the amount of interest payment in their second month mortgage payment? Question 18 options: $1,500 $1,497 $1,238 $1,469
Are you able to answer this in terms of how to solve using a financial calculator?...
Are you able to answer this in terms of how to solve using a financial calculator? What to enter for [N, I/YR, PV, PMY, FV] as well as how you determined these numbers? Please verify answer below and explain any discrepancies. Question: You just inherited $1,000,000. Instead of taking a lump sum, a financial planner has suggested two additional options. First, you invest in an annuity that will pay you $125,000 per year for 10 years. The discount rate is...
PLEASE SHOW STEP BY STEP AND HOW TO SOLVE USING FINANCIAL CALCULATOR FUNCTIONS: You are a...
PLEASE SHOW STEP BY STEP AND HOW TO SOLVE USING FINANCIAL CALCULATOR FUNCTIONS: You are a marketing executive at a Boston based Marketing corporation. A client has come to you and said they would like to take on a marketing project if it will EFFECTIVELY earn them 10.00% per year. The project you proposed will cost $100,000 today and $20,000 next year (one year from today). The project will bring in equal cash flows starting next quarter, with the last...
Please explain how to do this by hand (w/o a financial calculator): Suppose you have a...
Please explain how to do this by hand (w/o a financial calculator): Suppose you have a choice between receiving a lump-sum payment of $10,000 today or four annual payments of $2,750 (with the first payment one year from today). Of the following, which is the highest annual interest rate at which you would prefer the four annual payments over the lump-sum payment? 2% 5% 7% 10%
Solve using excel: A. You have taken out a $225,000, 3/1 ARM. The initial rate of...
Solve using excel: A. You have taken out a $225,000, 3/1 ARM. The initial rate of 5.8% (annual) is locked in for 3 years and is expected to increase to 6.5% at the end of the lock period. Calculate the initial payment on the loan. (Note: the term on this 3/1 ARM is 30 years) 
 B. Given the following information, calculate the Effective Borrowing Cost (EBC). Loan amount: $175,000, Term: 30 years, Interest rate: 7 %, Payment: $1,164.28, Discount points:...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT