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:
28. FTLAPR for ARM (Term=30 years, Initial Interest Rate = 3.50, Loan Amount = 100,000, Margin = 2.5, Initial Index = 3, Points=3). Annual Adjustments with no interest rate or payment constraints. What is the FTLAPR?
5.50%
29. FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) Assuming borrower keeps the loan the entire term, how many points must a bank charge to receive a 5.5% yield to lender?
5.45
Bullet Loan. (Term=5 years, Note Rate = 4.50%, Loan Amount = 8,000,000, Points=2) If loan is kept its entire term, what is the yield to lender?
4.95%
FRM. (Term=30 years, Note Rate = 5.25, Loan Amount = 800,000, Points=2) What is the FTL annual percentage rate (FTLAPR) that the lender must disclose to the borrower?
5.375%
FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) Assuming borrower keeps the loan for six years, how many points must a bank charge to receive a 5.75% yield to lender?
3.63
FRM. (Term=30 years, Note Rate = 5.00, Loan Amount = 800,000, Points=2) What is the lenders yield (expressed as an APR) if the mortgage is paid off after 4 years?
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