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show calculation step by using input (N,PV,PMTFV) please 27. Suppose you have taken out a $200,000 fully- amortizing fixed rate mortgage loan that has a

show calculation step by using input (N,PV,PMTFV) please image text in transcribed
27. Suppose you have taken out a $200,000 fully- amortizing fixed rate mortgage loan that has a term of 15 years and an interest rate of 4.25%. In month 2 of the mortgage, how much of the monthly mortgage payment does the principal repayment portion consist of? A. $705.51 B. $708.33 C. $796.22 D. $799.04 28. Suppose you have taken out a $125,000 fully- amortizing fixed rate mortgage loan that has a term of 15 years and an interest rate of 6%. After your first mortgage payment, how much of the original loan balance is remaining? A. $1,054.82 B. $120,603.78 C. $124,570.18 D. $124,875.56 29. Assume you have taken out a partially amortizing loan for $325,000 that has a term of 7 years, but amortizes over 30 years. Calculate the balloon payment at maturity (Year 7) if the interest rate on this loan is 4.5%. A. $1,646.73 B. $118,468.21 C. $282,835.42 D. $324,572.02 30. Let's assume that you have just taken out a mortgage loan for $200,000 with an origination fee of 2 points due upfront. The mortgage term is 30 years and the mortgage rate is fixed at 4%. What is the cost of the origination fee in dollar terms? A. $400.00 B. $954.83 C. $4000.00 D. $4954.83

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