What is the house value on down mortgage with payments

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Reference no: EM131623653

1. What is the house value (critical thinking required) on a 20 percent down mortgage with payments of

a. $3,219.73 per month for 30 years at 8 percent interest?

b. $7,833.65 per month for 15 years at 15 percent interest?

c. $3,656.85 per month for 30 years at 8 percent interest?

d. $5,217.22 per month for 15 years at 8 percent interest?

2. Mortgages. (Hint: P/Y=12) What is the interest rate on a mortgage of

a. $142422 with a payment of 1,464.97 for 30 years?

b. $135044 with a payment of 1,290.55 for 15 years?

c. $202083 with a payment of 1,626.01 for 30 years?

d. $197682 with a payment of 1,776.82 for 15 years?

3. Mortgage. (Hint: P/Y=12) What is the payoff on a 30 year, 6% original mortgage of

a. $174651 with a payment of 1,047.12 with 13 years remaining?

b. $172717 with a payment of 1,035.53 with 13 years remaining?

c. $189268 with a payment of 1,134.76 with 11 years remaining?

d. $188249 with a payment of 1,128.65 with 4 years remaining?

Reference no: EM131623653

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