This amortization table shows the first 3payments on a mortgage.Payment Monthly Interest PrincipalOutstandingnumber payment paidpaidbalance$160000.00$159685.43$159369.08$159050.941$1221.62$907.05 $314.57$1221.62$905.26|$316.353$1221.62$903.47 $318.14In the amortization table, what percent of thefirst 3 payments is interest?O a) 74%O b) 26%O c) 33%d) 35%

Interest Percent of payment = (Interest Paid / Monthly Payment)

This amortization table shows the first 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding balance number payment paid paid $160 000.00 $159 685.43 $159 369.08 $159 050.94 1 $1221.62$907.05 $314.57 2 $1221.62$905.26 $316.35 3 $1221.62$903.47 $318.14 In the amortization table, what percent of the first 3 payments is interest? O a) 74% O b) 26% O c) 33% d) 35%

This amortization table shows the first 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding balance number payment paid paid $160 000.00 $159 685.43 $159 369.08 $159 050.94 1 $1221.62$907.05 $314.57 2 $1221.62$905.26 $316.35 3 $1221.62$903.47 $318.14 In the amortization table, what percent of the first 3 payments is interest? O a) 74% O b) 26% O c) 33% d) 35%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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This amortization table shows the first 3 payments and the last 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $120 000.00 $119 746.95 $119 492.58 $119 236.90 $1735.38 $869.43 $1.01 1 $874.94$621.89 $253.05 2 $874.94$620.58 $254.36 3 $874.94$619.26 $255.68 $874.94 $13.46 $861.48 $874.94 $874.94 238 $8.99 $865.95 $4.51 $870.43 239 240 What is the total interest paid over the life of the mortgage?
This amortization table shows the first 6 payments on a 15-year mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $75 000.00 $594.92$315.42 $279.50 $74 720.50 $594.92$314.24 $280.68 $74 439.82 $594.92$313.06 $281.86 $74 157.96 $594.92$311.87 $283.05 $73 874.91 $594.92$310.68 $284.24 $73 590.68 $594.92$309.49 $285.43| $73 305.25 1 2 3 4 What percent of the mortgage has been paid after 6 payments? a) 2% O b) 3% O c) 98% O d) 5%
Using this table as needed, calculate the required information for the mortgage. AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $73,500 8.00% 30 $ $ $
Amortization table (mortgage principal and interest per $1,000) [¹ Rate 2.000 2.125 2.250 2.375 2.500 2.625 2.750 2.875 3.000 3.125 3.250 3.375 3.500 3.625 3.750 3.875 4.000 4.125 4.250 4.375 4.500 4.625 4.750 4.875 5.000 5.125 5.250 5.375 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6.875 Interest Only 0.16667 0.17708 0.18750 0.19792 0.20833 0.21875 0.22917 0.23958 0.25000 0.26042 0.27083 0.28125 0.29167 0.30208 0.31250 0.32292 0.33333 0.34375 0.35417 0.36458 0.37500 0.38542 0.39583 0.40625 0.41667 0.42708 0.43750 0.44792 0.45833 0.46875 0.47917 0.48958 0.50000 0.51042 0.52083 0.53125 0.54167 0.55208 0.56250 057292 10 Year 9.20135 9.25743 9.31374 9.37026 9.42699 9.48394 9.54110 9.59848 9.65607 9.71388 9.77190 9.83014 9.88859 9.94725 10.00612 10.06521 10.12451 10.18403 10.24375 10.30369 10.36384 10.42420 10.48477 10.54556 10.60655 10.66776 10.72917 10.79079 10.85263 10.91467 10.97692 11.03938 11.10205 11.16493 11.22801 11.29130 11.35480 11.41850 11.48241 11 54653…
Joe Levi bought a home in Arlington, Texas, for $126,000. He put down 30% and obtained a mortgage for 30 years at 5.00%. (Use Table 15.1) a. What is Joe's monthly payment? Note: Round your intermediate values and final answer to the nearest cent. Monthly payment b. What is the total interest cost of the loan? Note: Use 360 days a year. Round your intermediate values and final answer to the nearest cent. Total interest cost
Consider the first payment against a $200,000 mortgage that last for 25 years. Fixed repayments are made on a monthly basis. The first row of the amortization schedule is shown below. Payment # Payment Interest 1 d 716.67 2 Debt Payment Balance P1 b₁
Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,181 5.50% 35 $2186.63 Question content area bottom Part 1 Month Monthly payment Interest Principal End-of-month principal 1 $2186.63 $enter your response here $enter your response here $enter your response here 2 $2186.63 $enter your response here $enter your response here
Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,550 5.25% 35 $2122.29 Month Monthly payment Interest Principal End-of-month principal 1 $2122.29 $enter your response here $enter your response here $enter your response here 2 $2122.29 $enter your response here $enter your response here $enter your response here
Using this table as needed, calculate the required information for the mortgage. Number Table Monthly Payment (in $) Term Total Amount Interest of $1,000s Financed of Loan Factor Interest Financed Rate (years) (in $) (in $) $74,500 8.00% $| 30
Use the amortization table to determine how much interest is paid in the first 4 months of the loan. Click the icon to view the amortization table. $ (Type an integer or a decimal.) Amortization Table Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 Amortization Table Amount of Payment $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.17 $215.13 Print Interest for Period $12.50 $11.49 $10.47 $9.44 $8.42 $7.38 $6.34 $5.30 $4.25 $3.20 $2.14 $1.07 Portion to Principal $202.67 $203.68 $204.70 $205.73 $206.75 $207.79 $208.83 $209.87 $210.92 $211.97 $213.03 $214.06 Done Principal at End of Period $2500.00 $2297.33 $2093.65 $1888.95 $1683.22 $1476.47 $1268.68 $1059.85 $849.98 $639.06 $427.09 $214.06 $0.00
ONLINE 721757 K Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage: $110,000 Interest rate: 6.5% Term of loan: 25 years Click the icon to view the Real Estate Amortization Table. Payment Number 1 Amortization Schedule Total Payment Interest Payment Principal Payment Balance of Principal (a) $ (b) $ (b) $ (d) $
Make an amortization table to show the first two payments for the mortgage. Amount of Annual interest rate Years in mortgage Monthly payment mortgage S404,356 5.00% 35 S2040.73 Monthly payment End-of-month Month Interest Principal principal 1 $2040.73 2 $2040.73 2$ (Round to the nearest cent as needed.)

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