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Kobe takes out a mortgage for $1,025,000 at an interest rate of i(4)=5.750%. The amortization period is 30 years. What is his monthly payment? a.
Kobe takes out a mortgage for $1,025,000 at an interest rate of i(4)=5.750%. The amortization period is 30 years. What is his monthly payment? a. $5,486.73 b. $4,651.79 c. $5,128.90 d. $5,963.84 e. $5,367.45 Certainty? : C=1 (Unsure: 67% ) C=3 (Quite sure: >80% ) Stefano takes out a 3 year mortgage for $950,000 at an interest rate of i(12)=6.375%. The amortization period is 30 years and he will make weekly payments. What is the outstanding balance at the end of 2 years? a. $871,888.38 b. $927,540.83 c. $890,439.20 d. $908,990.02 e. $862,612.97 Certainty? : C=1 (Unsure: 67%)C=3 (Quite sure: >80% )
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