User Account

All Pages

Compute the monthly loan constant

Assignment Help Business Management
Reference no: EM132681570

-Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $100,000 with payments to be made monthly. The contract rate is 6%. Compute the monthly loan constant. Express your answer as a %. For example, if your loan constant is .056 enter in the box below, 5.6%. Round your answer to three decimal places.

-Suppose that you are interested in purchasing a fixed rate constant payment fully amortizing mortgage in the amount of $100,000 with payments to be made monthly for 240 months. The contract rate is 6%. Compute the monthly loan constant.

-Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $125,000 with payments to be made monthly. The contract rate is 6.25%. Compute the monthly payment.

-Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $100,000 with payments to be made monthly. The contract rate is 6.%. What would the loan balance be after the borrower makes monthly payments for 5 years?

-Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $100,000 with payments to be made monthly. The contract rate is 6.25%. What would the loan balance be after the borrower makes monthly payments for 6 years?

-Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $100,000 with payments to be made monthly. The contract rate is 6%. However, assume that the lender is charging advance interest (e.g. discount points) in the amount of $5307.57. In addition, the borrower must pay an additional $1,000 in appraisal fees to acquire the loan, but this $1,000 fee will not be paid to the lender. Compute the Lender's Yield.

-Suppose that you are interested in purchasing a 15 year fixed rate constant payment fully amortizing mortgage in the amount of $100,000 with payments to be made monthly. The contract rate is 6%. However, assume that the lender is charging advance interest (e.g. discount points) in the amount of $5307.57. In addition, the borrower must pay an additional $1,000 in appraisal fees to acquire the loan, but this $1,000 fee will not be paid to the lender. Compute the Effective Borrowing Cost.

Reference no: EM132681570

Questions Cloud

Calculate the size of payments : Anthony received a loan of $8,000 at 4.52% compounded semi-annually from a credit union to use as working capital for his business. He had to make semi-annual p
Explain size of the payments at the end of every quarter : A $65,000 loan was amortized over 12 years at 3.00% compounded monthly. Payments were made at the end of every quarter to clear the loan.
Compute the cost of the ending inventory : Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Bonita uses a periodic inventory system
Survive a downturn in the economy : Are there any current events in the financial market that will challenge the strength of the banks in 2020? How to estimate whether each bank will have enough
Compute the monthly loan constant : Compute the monthly loan constant. Express your answer as a %. For example, if your loan constant is .056 enter in the box below, 5.6%.
Calculate the weighted average unit contribution margin : Calculate the weighted average unit contribution margin, assuming a constant sales mix and Calculate in sales units the margin of safety for IPM, assuming
Survive a downturn in the economy : Are there any current events in the financial market that will challenge the strength of the banks in 2020? How to estimate whether each bank will have
What is the taxable income to be reported : Management for Los Angeles Corporation discloses to you the following information for 2019. What is the taxable income to be reported
Which market products carry the greatest risk : Which market products carry the greatest risk? What methodology does banks use to calculate market risk? What can be the diversification benefits for banks?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd