What are the interest cost and the total amount due on a six-month loan of $1,500 at 11.1 percent simple annual interest?
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What are the interest cost and the total amount due on a six-month loan of $1,500 at 11.1 percent simple annual interest?
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- If the contract annual interest rate on a $2,880,000 fixed rate loan that is fully amortizing over 20 years with equal monthly payments is 6.25%, what is the effective yield to the lender if the lender charges 1.5% as an origination fee, $288 for a credit report and $3,080 for an appraisal fee and the loan is repaid after ten years? a. 6.25% b. 6.51% c. 6.46% d. 6.49%What are the pre-requisites of implementing a successful finance lease?A $27.0 million mortgage loan from Bank of America fully amortizing over twenty five years at a fixed annual interest rate 6.75% with equal monthly payments and a 1% prepayment penalty has been seasoned for seven years. How much will the borrower have to pay to the lender to pay off the loan at the end of the seventh year? $23,290,179 $0 $23,523,081 $27,000,000
- What is the APR on a $700,000 fixed rate mortgage loan fully amortizing over 30 years if the stated annual interest rate is 5.5% and the lender charges 1.5% as an origination fee, $750 for an appraisal and $18 for a credit report? a.5.65% b.5.72% c.5.36% d. 5.5%Kayla took out an amortized loan of $240,000 with a 5% interest rate. Her monthly payment is $1,288.37. How much will she pay in interest on her first monthly payment? $900 $1.200 $1,150 $1.000Margo borrows $1900, agreeing to pay it back with 2% annual interest after 16 months. How much interest will she pay?Round your answer to the nearest cent, if necessary.
- Calculate the annuity payment for a loan of $850,000 loan and interest rate at 10%,Calculate the Macaulay convexity of a 10-year 6.9% $1000 bond having annual coupons and a redemption of $1,200.00 if the yield to maturity is 6.7%A borrower is buying a primary residence with a purchase price of $200,000 and a loan amount of $170,000. The appraised value comes in at $210,000. What is the loan-to-value ratio for this transaction? A) 80.95% B) 85.00% C) 89.01% D) 95.24%
- 83 What is the loan amount on the purchase price of $249.955.00 If the borrower is putting 18% down? A) $204,693.10 B) $204,936.10 C) $204,963.10 D) $204,966.10A Chevrolet Sonic Hatchback costs $ 14,800.00. With a 13% down payment, you can have an amortized loan for 9 years at a rate of 4%. What will the monthly payment be? how much will the car cost in total? how much money paid in interest?Calculate the present value of a $1,000 zero-coupon bond with six years to maturity if the yield to maturity is 7%.