St Cloud State University Real Estate Mortgage Calculation Exercise Worksheet

St Cloud State University

### Question Description

Hi,

this is a homework for a real estate class. Please solve problems number( 1,2,9,10,11 and 12 ) only.

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Hello, thank you very much for your patience. I have completed the assignment as per the instruction request. It will be my great pleasure if you release the fund and give me a five star. However, I will also be available in case of any clarification and adjustment. Regards
Attached.

MORTGAGE CALCULATION - HOMEWORK

Mortgage Calculation - Homework
Student Name
Institution Affiliation

1

MORTGAGE CALCULATION - HOMEWORK
Mortgage Calculation-Homework
1. Monthly payment=\$1581.59
Interest rate=5%p.a
Term=15 years
Original loan size
(1β(1+π)βπ )

PV=πππ β

π
0.05

(1β(1+
)β180
=\$1581.59* 0.0512
β12

=\$200,000.35 which is rounded off.
β \$200,000
2. Loan=\$100,000
Interest=4% p.a
Term = 30 years
Balance at the end of 4 years
Balance=P

[(1+π)π β(1+π)π ]
(1+π)π β1

[(1+

=\$100,000*

0.04 360
0.04 48
) β(1+
)
12
12
0.04 360
(1+
)
β1
12

=...

Cornell University
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