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Victoria took out a fully amortizing 30 year mortgage with the initial balance of $437421. This mortgage has a fixed interest rate at 3%. How
Victoria took out a fully amortizing 30 year mortgage with the initial balance of $437421. This mortgage has a fixed interest rate at 3%. How much of Victorias first payment was attributable to principal? Write the answer as a number rounded to two decimals.
Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000. She takes a mortgage with 4.38% interest rate that requires Ann to pay 2 points upfront. Assuming Ann makes payments for 30 years, what is Anns annualized IRR? Write your answer as a percent rounded to two decimal points without the % sign
Jean purchases a house for $750,000 and is able to secure an interest only, 5 year fixed rate mortgage for $600,000 at 5% interest. After five year, the house appreciates to $764635.52. What is Jeans equity as a percent of the house value? Write your answer as a percent rounded to two decimal points without the % sign
Victoria took out a fully amortizing 30 year mortgage with the initial balance of $437421. This mortgage has a fixed interest rate at 3%. How much of Victorias first payment was attributable to principal? Write the answer as a number rounded to two decimals (e.g. if you get $50,66666, write 50.67).
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