Answer to all the Question Including A,B,C Question

The Hills obtain a 30-year, $144,000 conventional mortgage at a 4.5% rate on a house selling for $180,000. Their monthly mortgage payment, including principal and interest, is $729.63. They also pay 2 points at closing. Determine the total amount the Hills will pay for their house over 30 years. UI. . -D The total amount is $ (Round to the nearest cent as needed.)Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed is $95,000 and the annual percentage rate (APR) is 5.0% The monthly principal and interest payment is $ (Round to the nearest cent as needed.)Determine the monthly principal and interest payment for a 20-year mortgage when the amount financed is $265,000 and the annual percentage rate (APR) is 4.0%. The monthly principal and interest payment is $ (Round to the nearest cent as needed.)Anna is buying a house selling for $185,000. To obtain the mortgage, Anna is required to make a 10% down payment. Anna obtains a 30-year mortgage with an interest rate of 4%. Click the icon to view the table of monthly payments Monthly Principal and Interest Payment per $1000 a) Determine the amount of the required down payment. b) Determine the amount of the mortgage. of Mortgage c) Determine the monthly payment for principal and interest. Number of Years Rate % 10 15 20 25 30 a) Determine the amount of the required down payment. 3.0 $9.65607 $6.90582 $5.54598 $4.74211 $4.21604 3.5 9.88859 7.14883 5.79960 5.00624 4.49045 $ 40 10.12451 7.39688 6.05980 5.27837 4.77415 4.5 10.36384 7.64993 6.32649 5.55832 5.06685 5.0 10.60655 7.90794 6.59956 5.84590 5.36822 5.5 10.85263 8.17083 6.87887 6.14087 5.67789 6.0 11. 10205 8.43857 7.16431 6.44301 5.99551 6.5 11.35480 8.71107 7.45573 6.75207 6.32068 7.0 11.61085 8.98828 7.75299 7.06779 6.65302 7.5 11.87018 9.27012 8.05593 7.38991 6.99215 8.0 12.13276 9.55652 8.36440 7.71816 7.33765 8.5 12.39857 9.84740 8.67823 8.05227 7.68913 9.0 12.66758 10.14267 8.99726 8.39196 8.04623 9.5 12.93976 10.44225 9.32131 8.73697 8.40854 10.0 13.21507 10.74605 9.65022 9.08701 8.77572 10.5 13.49350 11.05399 9.98380 9.44182 9.14739 11.0 13.77500 11.36597 10.32188 9.80113 9.52323Felix is purchasing a brownstone townhouse for $2,900,000. To obtain the mortgage, Felix is required to make a 17% down payment. Felix obtains a 25-year mortgage with an interest rate of 6.5% Click the icon to view the table of monthly payments. Monthly Principal and Interest Payment per $1000 a) Determine the amount of the required down payment. of Mortgage b) Determine the amount of the mortgage. c) Determine the monthly payment for principal and interest. Number of Years Rate % 10 15 20 25 30 3.0 $9.65607 $6.90582 $5.54598 $4.74211 $4.21604 a) Determine the amount of the required down payment. 3.5 9.88859 7.14883 5.79960 5.00624 4.49045 $ 4.0 10.12451 7.39688 6.05980 5.27837 4.77415 4.5 10.36384 7.64993 6.32649 5.55832 5.06685 5.0 10.60655 7.90794 6.59956 5.84590 5.36822 5.5 10.85263 8.17083 6.87887 6.14087 5.67789 6.0 11. 10205 8.43857 7.16431 6.44301 5.99551 6.5 11.35480 8.71107 7.45573 6.75207 6.32068 7.0 11.61085 8.98828 7.75299 7.06779 6.65302 7.5 11.87018 9.27012 8.05593 7.38991 6.99215 8.0 12. 13276 9.55652 8.36440 7.71816 7.33765 8.5 12.39857 9.84740 8.67823 8.05227 7.68913 9.0 12.66758 10.14267 8.99726 8.39196 8.04623 9.5 12.93976 10.44225 9.32131 8.73697 8.40854 10.0 13.21507 10.74605 9.65022 9.08701 8.77572 10.5 13.49350 11.05399 9.98380 9.44182 9. 14739 11.0 13.77500 11.36597 10.32188 9.80113 9.52323The Fritzes are buying a house that sells for $134,000. The bank is requiring a minimum down payment of 20%. To obtain a 30-year mortgage at 13.0% interest, they must pay 2 points at the time of closing. a) Determine the required down payment. b) Determine the amount of the mortgage on the property with the 20% down payment. c) Find the cost of 2 points on the mortgage. a) The required down payment is $Laura and Martin obtain a 30-year, $190,000 conventional mortgage at 9.5% on a house selling for $230,000. Their monthly mortgage payment, including principal and interest, is $1597.90. a) Determine the total amount they will pay for their house b) How much of the cost will be interest? c) How much of the first payment on the mortgage is applied to the principal? a) The total amount that Laura and Martin will pay for their house is $ (Round to the nearest dollar as needed.)Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if nt $60 is invested semiannually for 15 years at 5.5% compounded semiannually. p 1 A = The accumulated amount will be $ (Round to the nearest cent as needed.)To save for retirement, a student invests $30 each month in an ordinary annuity with 6% interest compounded monthly. Determine the accumulated amount in the student's annuity after 10 years. . . . The accumulated amount will be $ (Round to the nearest cent as needed.)To save for graduate school, a student invests $1780 semiannually in an ordinary annuity with 7% interest compounded semiannually. Determine the accumulated amount in the student's annuity after 20 years. The accumulated amount will be $ (Round to the nearest cent as needed.)Use the sinking fund formula shown to the right to determine the semiannual payments with 8% interest are compounded semiannually for 5 years to accumulate $70,000 A p= nt 1+ 1 . . . The semiannual invested payment is $ (Round up to the nearest cent.)Use the sinking fund formula shown to the right to determine the monthly payment needed to accumulate $220,000 with 9% interest are compounded monthly for 27 years A p= int 1 + n . . I The monthly invested payment is $ (Round up to the nearest cent.)Becky would like to be a millionaire in 45 years. How much would she need to invest quarterly in a sinking fund paying an 8% interest rate compounded quarterly to accumulate $1,000,000 in 45 years? She needs to make quarterly payment of $ (Round up to the nearest cent.)