Please help with only 6-11.
One of these questions requires the answers to one of the questions.
Question 1 Use the following information for questions 1-9: Shortly after graduation and starting at a new job, you buy a house. The purchase price is $375,000 and the bank offers you a 30 year mortgage at 3.65% with a 5% down payment. How much is the monthly mortgage payment? Question 2 How many months (rounded to the nearest whole number) does it take to pay off half of the principal balance? Question 3 After living in the house for ten years, your career takes you to a new city and you need to sell the house. How much do you still owe on the mortgage after ten years? Question 4 If housing prices in your city have been appreciating at 4.8% annually for ten years, how much do you sell the house for? Question 5 How much is left for you after repaying the bank mortgage? Question 6 of Dout of 10 points How much is your capital gain? Question 7 Dout of 10 points At a capital gains tax rate of 25%, how much do you care in capital gains tax? Question 8 10 out of 10 paints If carsumer price inflation has been averaging 5.4% annually during this time. What would the house's original purchase price from 2021 be after adjusting for inflation after ten years when you sell the house? Question 9 10 out of 10 points Would you have been better off without inflation, selling the house for the original purchase price, or do you benefit from the price increases, even if your house price increases lees than consumer prices as in this instance? Explain your answer. Question 10 Dout of 10 points If you invest conservatively in Investment grade corporate bonds which yield 4%, how much would you need to have saved for retirement in order to provide $50,000 per year from age 55 to age 95 and to leave $1,000,000 in your estate for your descandants? Dout of 10 points Question 11 If you save $5.000 per year from age 25 to 65, what growth rate would your investments need to achieve your answer to the previous question? Tuesday, November 9.2021 4 30:59 PM EST Question 1 Use the following information for questions 1-9: Shortly after graduation and starting at a new job, you buy a house. The purchase price is $375,000 and the bank offers you a 30 year mortgage at 3.65% with a 5% down payment. How much is the monthly mortgage payment? Question 2 How many months (rounded to the nearest whole number) does it take to pay off half of the principal balance? Question 3 After living in the house for ten years, your career takes you to a new city and you need to sell the house. How much do you still owe on the mortgage after ten years? Question 4 If housing prices in your city have been appreciating at 4.8% annually for ten years, how much do you sell the house for? Question 5 How much is left for you after repaying the bank mortgage? Question 6 of Dout of 10 points How much is your capital gain? Question 7 Dout of 10 points At a capital gains tax rate of 25%, how much do you care in capital gains tax? Question 8 10 out of 10 paints If carsumer price inflation has been averaging 5.4% annually during this time. What would the house's original purchase price from 2021 be after adjusting for inflation after ten years when you sell the house? Question 9 10 out of 10 points Would you have been better off without inflation, selling the house for the original purchase price, or do you benefit from the price increases, even if your house price increases lees than consumer prices as in this instance? Explain your answer. Question 10 Dout of 10 points If you invest conservatively in Investment grade corporate bonds which yield 4%, how much would you need to have saved for retirement in order to provide $50,000 per year from age 55 to age 95 and to leave $1,000,000 in your estate for your descandants? Dout of 10 points Question 11 If you save $5.000 per year from age 25 to 65, what growth rate would your investments need to achieve your answer to the previous question? Tuesday, November 9.2021 4 30:59 PM EST
