Given the following information on fixed-payment fully-amortizing loan, determine the remaining balance that the borrower has at the end of [d] years. Loan term: [a] Monthly Payment: [b] Interest Rate: [c]% Balloon payment/remaining mortgage balance (RMB) in [d] years
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Given the following information about a fully amortizing loa…
Given the following information about a fully amortizing loan, calculate the lender’s yield. Loan amount: $240,000.00 Term: 24 years Interest rate: 6.50% compounded monthly Monthly Payment: $-1,647.70 Discount points: 2.5
Given the following information about a fully amortizing loa…
Given the following information about a fully amortizing loan, calculate the effective borrowing cost. Loan Amount: $220,000.00 Term: 22 years Interest Rate: 6.00% compounded monthly Monthly Payment: $-1,502.76 Discount Points: 2 Other Closing Expenses: $2,000.00
Suppose that an industrial building can be purchased today f…
Suppose that an industrial building can be purchased today for $270,000.00. If it is expected to produce cash flows of $27,000.00 for each of the next 7 years (assume CFs are received at the end of each year) and can be sold at the end of the fifth year for $326,700.00, what is the internal rate of return (IRR) on this investment?
Suppose that an industrial building can be purchased today f…
Suppose that an industrial building can be purchased today for $260,000.00. If it is expected to produce cash flows of $26,000.00 for each of the next 6 years (assume CFs are received at the end of each year) and can be sold at the end of the fifth year for $306,800.00, what is the internal rate of return (IRR) on this investment?
Calculate the monthly payment required to fully amortize ove…
Calculate the monthly payment required to fully amortize over [a] years a $[b] mortgage loan, assuming a [c]% interest rate compounded monthly:
Given the following information about a fully amortizing loa…
Given the following information about a fully amortizing loan, calculate the effective borrowing cost. Loan Amount: $270,000.00 Term: 27 years Interest Rate: 7.25% compounded monthly Monthly Payment: $-1,901.32 Discount Points: 3.25 Other Closing Expenses: $3,250.00
Given the following information about a fully amortizing loa…
Given the following information about a fully amortizing loan, calculate the effective borrowing cost. Loan Amount: $190,000.00 Term: 19 years Interest Rate: 5.25% compounded monthly Monthly Payment: $-1,318.61 Discount Points: 1.25 Other Closing Expenses: $1,250.00
Suppose that an industrial building can be purchased today f…
Suppose that an industrial building can be purchased today for $140,000.00. If it is expected to produce cash flows of $14,000.00 for each of the next 6 years (assume CFs are received at the end of each year) and can be sold at the end of the fifth year for $165,200.00, what is the internal rate of return (IRR) on this investment?
Given the following information about a fully amortizing loa…
Given the following information about a fully amortizing loan, calculate the lender’s yield. Loan amount: $260,000.00 Term: 26 years Interest rate: 7.00% compounded monthly Monthly Payment: $-1,811.78 Discount points: 3