answer 21 & 22

3.5 pts Question 21 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 month mortgage payment? 512041 51199.10 514933 515122 Previous Next 100eur Question 22 3.5 pts 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 sales property tax is 2% of the value each year, property value increases 5% per year What is the first month mortgage interest payment? 51000.0 $1126.1 510838 51256 Previous Next - D Question 23 3.5 pts 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 month mortgage interest deduction? $250.0 $295.0 $2713 $285.0 D Question 24 3.5 pts 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 3 month total interest deduction? $929.71 5729.25 $749.25 $804.51 Previous Next