Question

Find the monthly payments on a $178,000 15 year mortgage assuming i(2)=6.7%.

Find the monthly payments on a $178,000 15 year mortgage assuming i(2)=6.7%.

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

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
Find the monthly mortgage payment on a loan of $160,000, assuming a 30-year loan at 4.71%....
Find the monthly mortgage payment on a loan of $160,000, assuming a 30-year loan at 4.71%. (10 points) Assuming that all payments are made as scheduled, with none missed and no extra payments, how much total interest will be paid over the life of this loan? (10 points) Show your work.
A ​$85,000 mortgage is to be amortized by making monthly payments for 15 years. Interest is...
A ​$85,000 mortgage is to be amortized by making monthly payments for 15 years. Interest is 3.3% compounded semi-annually for a seven-year term. ​(a) Compute the size of the monthly payment. ​(b) Determine the balance at the end of the seven-year term. ​(c) If the mortgage is renewed for a seven-year term at 3% compounded semi-annually, what is the size of the monthly payment for the renewal term
Find the monthly payments (just PMT) on a 20-year mortgage for $176799 if the annual interest...
Find the monthly payments (just PMT) on a 20-year mortgage for $176799 if the annual interest rate is 4.1%.
14. Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments...
14. Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $135,000. Mortgage A has a 5.25% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 2 years before she sells the house and pays the bank the balance, what is Ann’s annualized IRR from mortgage B? 15. Ann is looking for a...
Ann obtains a fully amortizing 15 year Fixed Rate Mortgage with monthly payments for $4,500,000 at...
Ann obtains a fully amortizing 15 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. How much does Ann need to pay per month?
1) Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments...
1) Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000. Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 2 years before she sells the house and pays the bank the balance, what is Ann’s annualized IRR from mortgage A? 2)Ann is looking for a fully...
12. Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments...
12. Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $135,000. Mortgage A has a 5.25% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 30 years, which mortgage has the lowest cost of borrowing (ie lowest annualized IRR)? Type 1 for A, type 2 for B. 13. Ann is looking for...
Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for...
Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000. Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. (A) Assuming Ann makes payments for 30 years, what is Ann’s annualized IRR from mortgage A? (B) Assuming Ann makes payments for 30 years, what is Ann’s annualized IRR from mortgage B?
Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for...
Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000. Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 2 years before she sells the house and pays the bank the balance, what is Ann’s annualized IRR from mortgage B?
you take out a $250000 30 year mortgage with monthly payments and a rate of 3.5%...
you take out a $250000 30 year mortgage with monthly payments and a rate of 3.5% montgky compounded.what is the loan balance by the end of the year 15
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT