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Finance
You take out a 30year $100,000 mortgage loan with an APR of 6 percent and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?
asked by Anonymous on May 10, 2008 
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You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 35year mortgage for 85 percent of the $3,100,000 purchase price. The monthly payment on this loan will be $17,200. What is the APR on this
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You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30year mortgage loan for 80 percent of the $2,300,000 purchase price. The monthly payment on this loan will be $15,000. Therefore, the APR on
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You need a 30year, fixedrate mortgage to buy a new home for $235,000. Your mortgage bank will lend you the money at an APR of 5.35 percent for this 360month loan. However, you can afford monthly payments of only $925, so you
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You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30year mortgage loan for 80 percent of the $2,800,000 purchase price. The monthly payment on this loan will be $17,000. What is the APR and
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You take out a 25year $210,000 mortgage loan with an APR of 12% and monthly payments. In 16 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?
asked by Anonymous on November 20, 2012 
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A mortgage broker is offering a $225,000 30year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 2.5 percent APR interest rate. After the second year, the mortgage
asked by Dashawn on October 13, 2014 
Finance
You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 38year mortgage loan for 70 percent of the $3,380,000 purchase price. The monthly payment on this loan will be $17,100. What is the APR on
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You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 25year mortgage for 75 percent of the $3,600,000 purchase price. The monthly payment on this loan will be $17,700. What is the APR on this
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Finance
Could someone tell me how to calculate this in excel? You are applying for a 30year, fixedrate (APR 6.50%), monthlypaymentrequired mortgage loan for a house that sells for $80,000 today. The mortgage bank will ask you for 20%
asked by Brittany on October 2, 2015 
Finance
Here's another way to look at it. Suppose you want to borrow $100,000. You choose a 30year fixed rate loan at 7.5%, and pay one discount point ($1,000), a 1% origination fee ($1,000), and $350 in other fees. Although the lender
asked by Rosey on November 8, 2014