#26 and 25

can someone help?

3.5 pts Question 25 A borrower bought a house for $250,000, he can obtain an 80% loan with a 30-year fully amortizing, 6% interest rate and monthly payment. Assuming the marginal tax rate for the borrower is 25%. Maintain and insurance are currently $1,200 each per year. Selling cost is 6% of sale; property tax is 2% of the value each year, property value increases 5% per year. What is the effective first 3 month mortgage payment (after tax benefit). $2848.05 $2957.90 $3036.73 $2017.95 Previous Next 3.5 pts Question 26 A borrower bought a house for $250,000; he can obtain an 80% loan with a 30-year fully amortizing, 6% interest rate and monthly payment. Assuming the marginal tax rate for the borrower is 25%. Maintain and insurance are currently $1,200 each per year, Selling cost is 6% of sale; property tax is 2% of the value each year, property value increases 5% per year. What is the first year total tax deduction from owning? $4250.0 5492071 $3940.0 $3729.25 Next * Previous 3.5 pts Question 27 A borrower bought a house for $250,000; he can obtain an 80% loan with a 30-year fully amortizing, 6% interest rate and monthly payment. Assuming the marginal tax rate for the borrower is 25%. Maintain and insurance are currently $1.200 each per year. Selling cost is 6% of sale: property tax is 2% of the value each year, property value increases 5% per year, What is the net cost of owning after taxes for first year? 519304.51 517539.25 $1851232 519809.71 Next Previous 3.5 pts Question 28 A borrower bought a house for $250,000; he can obtain an 80% loan with a 30-year fully amortizing, 6% interest rate and monthly payment. Assuming the marginal tax rate for the borrower is 25%. Maintain and insurance are currently $1,200 each per year. Selling cost is 6% of sale; property tax is 2% of the value each year, property value increases 5% per year. Assume that you will sell your home after one year, how much cash you will receive after pay off mortgage balance and selling cost? $49.206.0 551.129.71 $39.4060 $38.756.00