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determine the amortization for the following two payment frequencies using the mortgage amount: $479188.14. Monthly PMT from Section (HINT: Solve for N and adjust
determine the amortization for the following two payment frequencies using the mortgage amount: $479188.14. Monthly PMT from Section (HINT: Solve for N and adjust your mortgage payment from section 4.MAKE SURE YOUR PMT IS NEGATIVE.) 2841.05 Mortgage Rate As % (I/Y Present Value of Loan (- Value At End of Loan (FV) 3.75 479188,14 1013255.67 Question 1: Question 2: Payment Frequency 1 Formulas for coverting payment frequencies are in Chap'er 7 of your Payment Frequency 2 Accel. Bi-Weekly Weekly P/Y CIY PY C/Y Number of Periods (N) Number of Periods (N) Payment (PMT) Payment (PMT) Amortization in Years (2 Decimal Amortization in Years (2 Decimal Instructions The City of Edmonton has assessed your property at a value of $504807.52 and the Mill Rate is 8.6869. What are the Annual and Monthly property tax amounts? Annual Property Tax Amount Monthly Property Tax Amount Instructions You will be getting possession of the home on July 1st. What will the property tax adjustment be? Who will have to pay? Adjustment Amount Who Pays Adjustment? Section Value: 6
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