St Cloud State University Real Estate Mortgage Calculation Exercise Worksheet

Business Finance

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.

St Cloud State University Real Estate Mortgage Calculation Exercise Worksheet
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St Cloud State University Real Estate Mortgage Calculation Exercise Worksheet
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Final Answer

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
(1βˆ’(1+𝑖)βˆ’π‘› )

PV=𝑃𝑀𝑇 βˆ—

𝑖
0.05

(1βˆ’(1+
)βˆ’180
=$1581.59* 0.0512
⁄12

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

[(1+π‘Ÿ)𝑛 βˆ’(1+π‘Ÿ)π‘š ]
(1+π‘Ÿ)𝑛 βˆ’1

[(1+

=$100,000*

0.04 360
0.04 48
) βˆ’(1+
)
12
12
0.04 360
(1+
)
βˆ’1
12

=...

Cornell University

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