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Complete the first two months for a mortgage of $ 450 000 for 15 years at a constant rate of 4.5 %
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- Prepare the first 5 months of an amortization schedule with a 30-year mortgage monthly payment, Property is selling for $489,000, 15% down payment, 6.625% fixed interest rate, estimated property taxes $6,816, insurance is $1350 a year. What is the monthly payment, interest portion, principal portion, and end of month principal for the first 5 months.Calculate the monthly mortgage payment made at the beginning of eachmonth on a $100,000 mortgage. The mortgage is for 15 years and the interestrate is 5.5 percent.Consider a mortgage on a house valued at $480,000 with an interest rate of 6% compounded semi-annually, for a period of 15 years. Assume a 20% down-payment and monthly payments. Find the monthly payment. Show the detail of the payment for the first month
- Complete the first three lines of an amortization schedule for the following loan:You borrow $ 5000 with an annual interest rate of 9% over 7 years Starting principal = $ 5000Principal after month 1 payment = Principal after month 2 payment = Principal after month 3 payment =Calculate the monthly payment of a $750,000 mortgage. The mortgage has an amortization of 25 years. The interest rate for a 5-year term mortgage is 5.70% compounded semi-annually not in advance.A fully amortizing mortgage loan is made for $84,000 at 6 percent interest for 25 years. Payments are to be made monthly. Required: a. Calculate monthly payments. b. Calculate interest and principal payments during month 1. c. Calculate total principal and total interest paid over 25 years. d. Calculate the outstanding loan balance if the loan is repaid at the end of year 10. e. Calculate total monthly interest and principal payments through year 10. f. What would the breakdown of interest and principal be during month 50?
- With a selling price $100,000, a 20% down payment, and a mortgage of 12% for 25 years, calculate: A. amount of mortgage B. monthly payment C. interest portion of first payment D. Principal portion of first paymentFor the following loan, calculate the monthly payment and then complete the partial amortization schedule for the first three months. A home mortgage of $161,000 with a fixed APR of 3% for 30 years. Round all final answers to the nearest cent as needed. a) The monthly payment including principal and interest would be $ b) Complete the partial amortization table for the mortgage. End of.. Month 1 Month 2 Month 3 Interest Payment Toward Principal $ Outstanding Balance GAA $40,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due on the first day of each month starting July 1. The amortization period is 10 years and interest is 5.7% compounded semi-annually for a six-month term. Construct an amortization schedule for the six-month term. What is the monthly payment rounded up to the nearest $10? Payment=5 Comm
- Complete the first three lines of an amortization schedule for the following loan: You borrow $ 14000 with an annual interest rate of 12% over 9 years Starting principal = $ 14000 Principal after month 1 payment = Principal after month 2 payment = Principal after month 3 payment =Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. Twenty-year mortgage for $280,000 at 3.78%; remaining balance after 12 years.Consider a home mortgage of $150 comma 000 at a fixed APR of 4.5 % for 20 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.
