The annual income from a rented house is $35,000. The annual expenses are $5,000. If the house can be sold for $450,00 at the end of 15 years, how much could you afford to pay for it now, assuming 8% interest rate?
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The annual income from a rented house is $35,000. The annual expenses are $5,000. If the house can be sold for $450,00 at the end of 15 years, how much could you afford to pay for it now, assuming 8% interest rate?
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- The annual income from a rented house is $26,400. The annual expenses are $7200. If the house can be sold for $255,000 at the end of 12 years, how much could you afford to pay for it now, if you considered 8% to be a suitable interest rate?there is a house on sale for $800,000. You believe you can finance the home for $500,000 for 20 years at a 2% interest rate. What would the monthly principle and interest payment be for the acquird loan?You borrow $100,000 to buy a house; if the annual interest rate is 6% and the term of the loan is 20 years, what is the annual payment required to retire the mortgage loan?
- You decide to buy a house costing $6,000,000. You pay $1,000,000 down, and the remainder will be paid in monthly installments over 25 years at 3.9% compounded monthly. a) What is the monthly payment? b) What is the outstanding balance after making the 100 th payment? c) What is the equity after making the 100 th payment? d) How much of the 100 th payment will go to principal and how much to interest? e) How much interest will paid over the entire length of the loan?You'd like to purchase a house. You're monthly take home pay is $4560. You'd like to use one fourth of your take home pay for a house payment. You have $18500 for a down payment. You can get an APR of 4.35% compounded monthly. What is the total cost of a house you can afford with a 15 year mortgage?there is a house on sale for $800,000. You believe you can finance the home for $500,000 for 20 years at a 2% interest rate. What would the monthly principle and interest payment be for the acquird loan? Calculate using the PV funtion in excel.
- You can afford to pay $15,000 at the end of each of the next 30 years to repay a home loan. If the interest rate is 7.50%, what is the most you can borrow?The annual income from an apartment house is $20,000. The annual expense is estimated to be $2000. If the apartment house can be sold for $100,000 at the end of 10 years, how much should you be willing to pay for it now, with a required return of 10%?You wish to purchase a home for $500,000. You will make payments of $30,000 at the end of every year for 30 years. The current rate of interest is 6.5% convertibly quarterly. Find the down payment that will be necessary.
- 2) You decide to buy a house costing $6,000,000. You pay $1,000,000 down, and the remainder will be paid inmonthly installments over 25 years at 3.9% compounded monthly. a) What is the monthly payment?b) What is the outstanding balance after making the 100the payment?c) What is the equity after making the 100the payment?d) How much of the 100the payment will go to the principal and how much to interest?e) How much interest will be paid over the entire length of the loan? TVM SOLVERYou want to purchase a house valued at $200,000. After a downpayment, you can finance the house with a 20 year mortgage at 4.2% APR, compounded monthly. What percentage of the house will you need to finance in order to have monthly payments of $1,000? Round to two decimal places. What is the downpayment?1) You decide to buy a house costing $400,000. You pay $100,000 down, and the remainder will be paid in monthly installments over 30 years at 4% compounded monthly. a) what is the monthly payment? b) What is the outstanding balance after making the 200th payment? c) What is the equity after making the 200th payment? d) How much of the 200th payment will go to the principal and how much to interest? e) How much interest will be paid over the entire length of the loan?