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- O SI BI M In ht A vle.phoenix.edu/ultra/grades/assessment/29079282 1/overview/attempt/_29932766_1?courseld%3 292033_1 Question 17 The figure below shows costs for a current home mortgage versus a refinanced home mortgage. Refinancing but results in a lower monthly payment. Which best describes the lines? 14000+ 12000 2 10000 + 8000 6000 4000 + 2000 10 Months acer Total cost ($)Purchase Costs Down payment Loan payment Leasing Costs Security deposit Lease payment End of lease charges $ $ $ 730 for 36 months $1,100 890 2,150 2$ $ 850 for 36 months Estimated value at end of loan 6,300 Opportunity cost interest rate 3 percent Based on the costs listed in the table above, calculate the costs of buying and leasing a motor vehicle. (Round your answers to the nearest whole number.) Buying & Leasing Total purchase cost Total leasing costCalculate the present value: N = 60 PMT = 650.57 I/Y = 4.5% C/Y = 1 P/Y = 12 FV = 0 PV = CPT This is for a car lease payment. Please calculate using BA ii plus calculator or excel. Thank you!
- Find the Interest and the amount on P 8,700 at 9% for 2 months Select the correct response: |= P 8700 and A = P 8,500 |= P8,700 and A+ P15, 650 O 1 = 2mos and A = P5,560 O 1= P 130. 50; A =8,830. 50What is the Net Effective Rent using the following data? Five year gross step up lease with expense stops Gross rents Yr. 1 = $23.00, increasing 3% each year beginning Yr. 2 Operating Expense Yr. 1 $12.00, increasing 2% each year beginning Yr. 2 %3! Expense Stop at $12.00 Round to two decimals for the rents. O $12.77 O $11.84 O $12.29 O $12.56Required A Required B If the loan is repaid after five years, which loan is the better choice? (Analyze the decision with both rates at two decimal places.) Choice of loan < Required A Required B
- Exercise 2: Directions: Analyze the given amortization procedures in the table below then fill in cach blank using the guide questions below the table. Problem: A salary loan amounting to P15,000 is to be paid annually for 4 years with an interest rate of 6% compounded annually. The annual amortization is P P4,328.87. PRINCIPAL Outstanding Balance Period Regular Interest Payment (R) Component of Component of Раyment A. Раyment PI1,571.13 7,936.53 P3,428.87 C 3,852.68 4,083.84 P900 P694.27 P4,328.87 P4,328.87 P4,328.87 E 4. 245.031 Total G H. Guide Questions: D. For the third payment, how much goes to pay the interest? E. How much is the outstanding balance after the 3rd payment? F. How much should be the outstanding balance after the 4th or last payment? G. How much is the total amount of regular payment for 4 years? H. How much is the total interest paid for 4 years? I. How much is the total payment for the principal for 4 years? 1123-Exercise 2: Directions: Analyze the given amortization procedures in the table below then fill in cach blank using the guide questions below the table. Problem: A salary loan amounting to P15,000 is to be paid annually for 4 years with an interest rate of 6% compounded annually. The annual amortization is P P4,328.87. PRINCIPAL Outstanding Balance Interest Regular Payment (R) Period Component of Component of Рауment Раyment P11,571.13 7,936.53 E 1. 2. 3. P4,328.87 P4,328.87 P4,328.87 P900 P694.27 P3,428.87 3,852.68 4,083.84 4 245.031 F Total G. H. Guide Questions: A. How much is the amount of the loan? (Outstanding balance at time 0) B. How much is the first regular annual payment? C. For the second payment, how much goes to pay the principal? D. For the third payment, how much goes to pay the interest? E. How much is the outstanding balance after the 3rd payment? F. How much should be the outstanding balance after the 4th or last payment? G. How much is the total amount of regular…* Required Question Paying a $50 repair to a piece of Equipment would result in a debit to O Capital O Bank O Equipment O Two of the above are possible. Rack Next Dogo 7of 25
- P1 and P2 have a default setting of 1.00, meaning only the first payment is analyzed. Scroll down to the balance after the first payment, amount paid toward principal, and amount paid toward interest. BAL = $443,963.80 PRN = $56,036.20 INT = $40,000.00 To examine the last payment, change P1 and P2 to 7 and review the amortization output: What is the remaining balance? How much of the final payment goes toward repaying principal? How much of the final payment goes toward paying interest?Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs $ 1,500 $ 690 for 36 months $ 4,300 6 percent Security deposit Lease payment End of lease charges $ 1,130 $ 1,080 $400 for 36 months Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. Buying and Leasing Total purchase cost Total leasing costPurchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs Security deposit Buying and Leasing Total purchase cost Total leasing cost $ 1,700 + $ 620 for 36 months $ 4,500 Lease payment $ 530 for 36 months. $ 740 End of lease charges. Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. 4 percent $ 1,180 Pro 4 of 4 Next Che
