What percent of anns 20th payment goes to principal

Reference no: EM133558175

5. Ann obtains a fully amortizing 15-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. How much does Ann need to pay per month?

6. Ann is willing to spend $5,500 per month on her mortgage payment. If Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments at 7.05%, how big of a mortgage can she get?

real state finance

please ans the question step by step

7 ans should be = $861,929.50.

8 ans should be = 86.43%

9 ans should be = 13.57%

7. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What will be Ann's mortgage balance after 20 years of payments (ie after 240 months)?

8. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What percent of Ann's 20th payment goes to interest? Show your work.

9. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What percent of Ann's 20th payment goes to principal? Show your work.

Reference no: EM133558175

Questions Cloud

Calculate the value ofa bond that matures in 12 years : Calculate the value ofa bond that matures in 12 years and has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's required

What are nurse-sensitive indicators : What are nurse-sensitive indicators? What elements of a patient's care are directly impacted by the role and delivery of care of nurses?

Whats the difference in the effective annual rates charged : Green Wave Trust, offers to lend you the $50,000, but it will charge 6.00%, simple interest, with interest paid at the end of the year. What's the difference

Summarise evidence base obstetrical disorders and assessment : Summarise Evidence Based Obstetrical Disorders, assessment, nursing diagnosis, patient goal, interventions, evaluation).

What percent of anns 20th payment goes to principal : Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What percent of Ann's 20th payment goes to principal

How do nurses envision leadership role as it impacts nursing : How do nurses envision leadership role as it impacts the nursing profession? How do nurses encompass excellence and professional involvement in nursing?

What environmental forces drive organization development : What environmental forces drive organization development in your field or industry? What are the steps successful organizations take when responding to change?

Outline the identified barriers to your implementation : Outline the identified barriers to your implementation of the Nurse Burnout Prevention Project. Explain how you plan to deal with and overcome these barriers.

List the clinical findings of major depressive disorder : Describe depression. List the clinical findings of major depressive disorder. Describe how to screen for depression using an assessment tool.

User Account

All Pages