Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are obtaining a $150,000 FRM amortized over thirty years at a 9% annual percentage rate. What is the monthly payment? On the above loan,

  1. You are obtaining a $150,000 FRM amortized over thirty years at a 9% annual percentage rate. What is the monthly payment?
  2. On the above loan, what is the loan balance after three years? Five years?
  3. On the loan above, you are required to pay closing costs and fees of 1.5% of the loan amount. What is the yield of the loan if held to maturity? If paid off at the end of 5 years?
  4. You are obtaining a $250,000 FRM amortized over thirty years at an 7% annual percentage rate. What is the monthly payment?
  5. On the above loan, what is the loan balance after 5 years? Ten years?
  6. On the loan above, you are required to pay closing costs and fees of 1.0% of the loan amount. What is the yield of the loan if held to maturity? If paid off at the end of 10 years?
  7. You are obtaining a $100,000 FRM amortized over twenty years at a 12% annual percentage rate. What is the monthly payment?
  8. On the loan above, you are required to pay closing costs and fees of 2.0% of the loan amount. What is the yield of the loan if held to maturity? If paid off at the end of 15 years?
  9. You are obtaining a $160,000 FRM amortized over ten years at a 8% annual percentage rate. What is the monthly payment?
  10. On the loan above, you are required to pay closing costs and fees of 1.5% of the loan amount. What is the yield of the loan if held to maturity? If paid off at the end of 5 years?
  11. You are obtaining a $150,000 FRM amortized over thirty years at a 7% annual percentage rate. What is the monthly payment?
  12. On the loan above, you are required to pay closing costs and fees of 1.0% of the loan amount. What is the yield of the loan if held to maturity? If paid off at the end of 10 years?
  13. You make a lump sum payment of $7,000 into an account that pays 10% annually with annual compounding. How much would you have in 5 years, 10 years, and 30 years?
  14. You expect to receive an inheritance of $750,000 in twenty years. Using an annual discount rate of 9%, what would this be worth today?
  15. You place $250 in a mutual fund at the end of every month for 30 years. If you earn an annual rate of 12% (you need to get the monthly rate), how much would you have at the end of year 30?
  16. What is the present value of a $2000 annual annuity of paid over 20 years using a 10% discount rate?
  17. What is the future value of $10,000 invested to at an annual rate of 12% after 10 years?
  18. You require a 10% annual return on year investment. You can buy a real estate project with the following expected cash flows, year one $10,000, year two $12,500, year three $15,000 and year four $65,000. What would you pay?
  19. If you paid $55,000 for the above cash flows, what would be your annual return on your investment?
  20. If you invested $1,000,000 in a property and received the following cash flows: $100,000 at the end of year one, $95,000 at the end of year two, $105,000 at the end of year three, $80,000 at the end of year four and $1,075,000 at the end year five, what would your annual return on investment be? If you require a 10% annual return, what would the NPV on the investment be?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments An Introduction

Authors: Herbert B Mayo

9th Edition

324561385, 978-0324561388

More Books

Students also viewed these Finance questions

Question

2. (1 point) Given AABC, tan A b b

Answered: 1 week ago