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Please help me understand these questions and show how to do the calculations.
If a senior homeowner wants to put a RAM on her property that appraises for $750,000 so that she will receive a monthly payment of $1,800, and the RAM program charges 6.5% annual interest compounded monthly. What will her loan balance be in 22 years?
What is the APR on a 500,000 fixed rate loan amortized over 30 years but due in 10 years if the stated interest rate is 5% and the lender charges 2% origination fee, 18 for credit report, and 500 for appraisal?
- MUST be calculated to amount of time expected to be held!
What is the debt service coverage ratio for a 1.8million property generating a 6.5% before tax annual return on equity with a 1.5millon ten year interest only fixed mortgage at a 5.5% annual interest rate?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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