Question
CAN YOU PLEASE EXPLAIN AND SHOW HOW TO SOLVE USING THE FINANCIAL CALCULATOR.I HAVE INCLUDED THE ANSWER, I JUST NEED HELP WITH HOW TO SOLVE
CAN YOU PLEASE EXPLAIN AND SHOW HOW TO SOLVE USING THE FINANCIAL CALCULATOR.I HAVE INCLUDED THE ANSWER, I JUST NEED HELP WITH HOW TO SOLVE USING THE FINANCIAL CALCULATOR:
18. Bullet Loan. (Term=5 years, Note Rate = 4.25%, Loan Amount = 8,000,000, Points=2) What is the balance after the 48th payment? 8,000,000
19. FRM. (Term=30 years, Note Rate = 4.75%, Loan Amount = 800,000, Points=2) For the 27th payment, how much will be applied to principal? 1,115.39
20. FRM. (Term=30 years, Note Rate = 4.25%, Loan Amount = 800,000 Points=2) After 1 year, how much will Julie have paid into principal? 13486.94
21. PLAM (Term=30 years, Note Rate = 3.00, Loan Amount = 200,000, Points=5). Payments are as follows: Year 1 = 843.21; Year 2= 927.53; Year3= 1085.21. Inflation adjusted balance after 36 payments = 237,856.22) What is the yield to lender? 12.87%
22. FRM. (Term=30 years, Note Rate = 5.00, Loan Amount = 800,000, Points=2) If the lender charges a prepayment penalty of 2% of the outstanding loan balance, what will the borrower owe immediately after making the 48th payment if she decides to prepay her loan?
764,021
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