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:
31. 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
32. FRM. (Term=30 years, Note Rate = 4.75%, Loan Amount = 800,000, Points=2) After 1 year, how much will Julie have paid into interest?
37,733.55
32
FRM. (Term=30 years, Note Rate = 4.5%, Loan Amount = 800,000, Points=2) What is the monthly loan payment?
4,053.48
35. Construction Finance. (Equity Required to be put into project = 3,000,000; Equity used prior months = 2,500,000; Funds needed this month 2,000,000). Bank draw this month will be:
1,500,000
36. Construction Finance. (Building size: 70,000 square feet. Land Costs 2,000,000; Hard Costs 7,000,000; Soft Costs 1,000,000; Developer Fee 6% of hard costs; Equity Return 18%. Construction Loan Amount 7,000,000).The HVAC system is projected to costs $450,000. What percent of the total project cost (not including a return to equity) is from the HVAC system?
4.5%
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