Question: CAN YOU PLEASE EXPLAIN AND SHOW HOW TO SOLVE USING THE FINANCIAL CALCULATOR.I HAVE INCLUDED THE ANSWER, I JUST NEED HELP WITH HOW TO SOLVE

CAN YOU PLEASE EXPLAIN AND SHOW HOW TO SOLVE USING THE FINANCIAL CALCULATOR.I HAVE INCLUDED THE ANSWER, I JUST NEED HELP WITH HOW TO SOLVE USING THE FINANCIAL CALCULATOR:

28. FTLAPR for ARM (Term=30 years, Initial Interest Rate = 3.50, Loan Amount = 100,000, Margin = 2.5, Initial Index = 3, Points=3). Annual Adjustments with no interest rate or payment constraints. What is the FTLAPR?

5.50%

29. FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) Assuming borrower keeps the loan the entire term, how many points must a bank charge to receive a 5.5% yield to lender?

5.45

Bullet Loan. (Term=5 years, Note Rate = 4.50%, Loan Amount = 8,000,000, Points=2) If loan is kept its entire term, what is the yield to lender?

4.95%

FRM. (Term=30 years, Note Rate = 5.25, Loan Amount = 800,000, Points=2) What is the FTL annual percentage rate (FTLAPR) that the lender must disclose to the borrower?

5.375%

FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) Assuming borrower keeps the loan for six years, how many points must a bank charge to receive a 5.75% yield to lender?

3.63

FRM. (Term=30 years, Note Rate = 5.00, Loan Amount = 800,000, Points=2) What is the lenders yield (expressed as an APR) if the mortgage is paid off after 4 years?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!