Question

The following loan is fully amortizing. The loan is for $13,000 at 10% interest to be repaid over three (3) years. Amortize this loan on a monthly basis. Calculate the interest portion of the fourth (4th) payment considering that an additional payment of $2,000 was made with the second payment.

no excel

Answer #1

. A property is sold for $200,000. Typical financing terms are
an 85% fully amortizing loan with a 10 % interest rate over 15
years with monthly payments . If the before - tax cash flow is
$2,000, what is the overall capitalization rate?
(A) 10.96%
(B) 11.96%
(C) 19.13%
(D) 9.96%

Consider an amortizing loan. The amount borrowed initially is
$21618, the interest rate is 5% APR, and the loan is to be repaid
in equal monthly payments over 17 years. As we know, while each
monthly payment will be the same, the amounts of interest and
principle paid will change from payment to payment. How much of the
very first payment is interest?

A borrower obtains a fully amortizing constant payment mortgage
loan for $75,000 at 12 percent for 3 years. Payments are monthly.
What will be the amount of remaining balance at the end of the
second month? (Answer is rounded)

Suppose you have taken out a $200,000 fully amortizing fixed
rate mortgage loan that has a term of 15 years and an interest rate
of 4.25%. In month two of the mortgage, how much of the monthly
mortgage payment does the principal repayment portion consist
of?

SHOW CLEAR WORK ON EXCEL
A fully amortizing mortgage is made for $80,000 for 25 years.
Total monthly payments will be $900 per month. What is the interest
rate on the loan?

A borrower has a 30-year fully amortizing mortgage loan for
$200,000 with an interest rate of 6% and monthly payments. If she
wants to pay off the loan after 8 years, what would be the
outstanding balance on the loan? (I know the correct answer would
be $175,545, but how to find the amount that goes in interest and
principal?)

you are applying for a $1,000,000 mortgage. If the interest rate
on your 360-month fully amortizing, fixed rate, level payment loan
is 3% annual, what is the percentage increase in your monthly
payment if the interest rate were 6% annual ?

A borrowwer obtain a fully amortizing constant payment mortgage
loan for $75,000 at 24 percent for 3 years.Payments are
monthly.What will be the amount of remaining balance at the end of
the second month?

QUESTION 11
Which of the following mortgages will have the largest monthly
payment?
A.
Fully amortizing 25 year FRM, annual i = 4%, mortgage amount
$200,000
B.
Fully amortizing 30 year FRM, annual i=2%, mortgage amount
$200,000
C.
Fully amortizing 30 year FRM, annual i = 3%, mortgage amount
$200,000
D.
Fully amortizing 30 year FRM, annual i=4%, mortgage amount
$200,000
E.
30 year FRM, annual i=3%, mortgage amount $200,000 with a
balloon payment of $20,000 at the end of...

For a standard, fully amortizing mortgage loan of $250,000, at
3.5 percent interest for 30 years, find the balance at the end of 5
years. If the borrower refinances the loan, how much would need to
be refinanced at the end of 20 years?

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