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please answer b c d e f g ts Book Print Terences c. What would be the interest portion of the payment scheduled for payment
please answer b c d e f g
ts Book Print Terences c. What would be the interest portion of the payment scheduled for payment at the end of month 61 for each case (1) through (4) above? d. Assume that the lender charges 3 points to close the loans in parts a (1) through a (4). What would be the APR for each? e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only" for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E What would be the interest portion of the payment scheduled for payment at the end of month 61 for each case (1) through (4) above? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. c1. Interest if fully amortizing c2. Interest if partial amortizing c3. Interest if interest only 04. Interest if negative amortization Required F Required G oints eBook Print References above? d. Assume that the lender charges 3 points to close the loans in parts a (1) through a (4). What would be the APR for each? e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? 1. Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G Assume that the lender charges 3 points to close the loans in parts a (1) through a (4). What would be the APR for each? Note: Do not round intermediate calculations, Round your final answers to 2 decimal places. d1. APR if fully amortizing d2. APR if partial amortizing d3. APR if interest only d4. APR if negative amortization % % % eBook Print 0 References e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 207 g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required B Required C Required D Required F Required E Required G Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required A e1. Effective rate of interest if fully amortizing e2. Effective rate of interest if partial amortizing e3. Effective rate of interest if interest only e4. Effective rate of interest if negative amortization % % % % Print O References e. Assuming that 3 points are paid at closing and the 20-year interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 207 g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 37 (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required F Required Required A Required C Required B Required D Required E Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? Note: Round your final answer to 2 decimal places. Monthly payments Required G Required G > 100 points eBook Print References fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 207 g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender.charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required C Required D Required E Required F If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? Required B Note: Round your final answer to 2 decimal places. (2) What will be the loan balance at the end of year 37 Note: Round your final answer to 2 decimal places. Required G (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 37 Note: Round your final answer to 2 decimal places 01. Total interest 01. Total principal 92. Loan balance 93. Effective rate of interest 04. Effective rate of interest if lender charges 4 points 611XE1 % Show less A ts Book Print Terences c. What would be the interest portion of the payment scheduled for payment at the end of month 61 for each case (1) through (4) above? d. Assume that the lender charges 3 points to close the loans in parts a (1) through a (4). What would be the APR for each? e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only" for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E What would be the interest portion of the payment scheduled for payment at the end of month 61 for each case (1) through (4) above? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. c1. Interest if fully amortizing c2. Interest if partial amortizing c3. Interest if interest only 04. Interest if negative amortization Required F Required G oints eBook Print References above? d. Assume that the lender charges 3 points to close the loans in parts a (1) through a (4). What would be the APR for each? e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? 1. Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G Assume that the lender charges 3 points to close the loans in parts a (1) through a (4). What would be the APR for each? Note: Do not round intermediate calculations, Round your final answers to 2 decimal places. d1. APR if fully amortizing d2. APR if partial amortizing d3. APR if interest only d4. APR if negative amortization % % % eBook Print 0 References e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 207 g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required B Required C Required D Required F Required E Required G Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required A e1. Effective rate of interest if fully amortizing e2. Effective rate of interest if partial amortizing e3. Effective rate of interest if interest only e4. Effective rate of interest if negative amortization % % % % Print O References e. Assuming that 3 points are paid at closing and the 20-year interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 207 g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 37 (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required F Required Required A Required C Required B Required D Required E Assume the loan is fully amortizing except that payments will be "interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? Note: Round your final answer to 2 decimal places. Monthly payments Required G Required G > 100 points eBook Print References fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 207 g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender.charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required C Required D Required E Required F If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? Required B Note: Round your final answer to 2 decimal places. (2) What will be the loan balance at the end of year 37 Note: Round your final answer to 2 decimal places. Required G (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 37 Note: Round your final answer to 2 decimal places 01. Total interest 01. Total principal 92. Loan balance 93. Effective rate of interest 04. Effective rate of interest if lender charges 4 points 611XE1 % Show less A Step by Step Solution
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