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Mortgage Analysis
You must use the FINANCIAL FUNCTIONS in EXCEL to calculate your answers. ?
You are planning to purchase a house that costs $480,000. You plan to put 20% down and borrow the remainder. Based on your credit score, you believe that you will pay 3.99% on a 30-year mortgage.
2. Use function “PV” to calculate the loan amount given a payment of $1500 per month. What is the most that you can borrow?
3. Use function “RATE” to calculate the interest rate given a payment of $1500 and a loan amount of $400,000.
4. For each scenario, calculate the total interest that you will have paid once the mortgage is paid off. (There is not a function for this, enter the formula into the cell.)
What is the stock price according to the constant growth dividend model?
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Maggie's Muffins, Inc., generated $2,000,000 in sales during 2015, and its year-end total assets were $1,700,000. Also, at year-end 2015, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and ..
What was the original issue price? What is the current value of this preferred stock?
Calculate the Operating Cycle. Calculate the Cash Cycle.
Fargo Memorial Hospital has annual patient service revenues of $14,400,000. It has two major third-party payers, and some of its patients are self-payers. The hospital's patient accounts manager estimates that 10 percent of the hospital's billings ar..
Today is a day in May 2525 and a bond with an coupon rate of 8.0% just yesterday paid a coupon. The bond matures in November 2540 and its quoted bond price is 118.03 percent of par (semi annual compounding). Find the yield to maturity (YTM) and curre..
Which one of these statements must be true regarding this portfolio for the period?
Explain how a fixed-for-floating swap can be considered a portfolio of forward contracts on six-month discount bonds.
One-year bonds yield 7%, two-year bonds yield 8%, three-year bonds and greater maturity bonds all yield 9%. You are choosing between one-, two-, and three-year maturity bonds all paying annual coupons of 8%, once a year. Which bond should you buy if ..
Sugar and Spice stock is expected to produce the following returns given the various states of the economy. What is the expected return on this stock?
Based on the corporate valuation model, Dabney Inc.'s value of operations is $425 million. Its balance sheet shows $175 million of short-term investments that are unrelated to operations, $100 million of accounts payable, $125 million of notes payabl..
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