Given the following answer questions #8-#12 Purchase Price = $200,000 Interest rate= 6% Loan to value...

  

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Given the following answer questions #8-#12 Purchase Price = $200,000 Interest rate= 6% Loan to value ratio = 80% Term: Monthly payments 15 years 8. The monthly mortgage constant is equal to: 9. The monthly payment is equal to: 10. The amount of principle paid in the second month is equal to: 11. The amount paid off after 4 years. 12. The total amount of interest paid after 15 years Given the following answer questions #8-#12 Purchase Price = $200,000 Interest rate= 6% Loan to value ratio = 80% Term: Monthly payments 15 years 8. The monthly mortgage constant is equal to: 9. The monthly payment is equal to: 10. The amount of principle paid in the second month is equal to: 11. The amount paid off after 4 years. 12. The total amount of interest paid after 15 years

Answer rating: 100% (QA)

To calculate the answers to these questions we can follow these steps 1 Calculate the loan amount using the loantovalue ratio 2 Use the loan amount in... View the full answer