Question: please finish the chart and answer what isnt done 7. Based on your answers for questions 5 and 6, select which financial institution's mortgage rate

please finish the chart and answer what isnt done
please finish the chart and answer what isnt done 7. Based on
your answers for questions 5 and 6, select which financial institution's mortgage
rate I/Y) you will use to complete the table below. You will

7. Based on your answers for questions 5 and 6, select which financial institution's mortgage rate I/Y) you will use to complete the table below. You will also need your mortgage amount from question 4 to complete the following table, (3 marks) mortgage amount is $393,224 Calculator 15-year amortization 20-year amortization P/Y = C/Y= N= 1/Y= PV = PMT - FV = Analysis of what happened over the first five (5) years 12 2 15x12=180 3.12% $393,224 12 2 20x12=240 3.12% $393,224 25-year amortization 12 2 25x12=300 3.12% $393,224 0 P1 = 1 0 P1 = 1 P2 = 60 BAL Outstanding = 0 P1 = 1 P2 = 60 BAL Outstanding P2 = 60 BAL Outstanding = Total PRN = Total PRN = Total PRN = Calculator 15-year amortization 20-year amortization 12 2 15x12=180 3.12% $393,224 P/Y= C/Y = N= I/Y = PV = PMT = FV = Analysis of what happened over the first five (5) years 12 2 20x12=240 3.12% $393,224 25-year amortization 12 2 25x12=300 3.12% $393,224 . 0 P1 = 1 0 P1 = 1 P2 = 60 BAL Outstanding = 0 P1 = 1 P2 = 60 BAL Outstanding = P2 = 60 BAL Outstanding = Total PRN = Total PRN = Total PRN = Total INT = Total INT = Total INT = Calculator 15-year amortization 20-year amortization P/Y = C/Y = N= 1/Y = PV = PMT= FV = Analysis of what happened over the first five (5) years 12 2 15x12=180 3.12% $393,224 $2,734.47 0 P1 = 1 12 2 20x12=240 3.12% $393,224 $2,200.53 0 P1 = 1 25-year amortization 12 2 25x12=300 3.12% $393,224 $1,885.21 P1 = 1 P2 = 60 BAL Outstanding = P2 = 60 BAL Outstanding = P2 = 60 BAL Outstanding = Total PRN = Total PRN = Total PRN = Total INT = Total INT = Total INT = 7. Based on your answers for questions 5 and 6, select which financial institution's mortgage rate I/Y) you will use to complete the table below. You will also need your mortgage amount from question 4 to complete the following table, (3 marks) mortgage amount is $393,224 Calculator 15-year amortization 20-year amortization P/Y = C/Y= N= 1/Y= PV = PMT - FV = Analysis of what happened over the first five (5) years 12 2 15x12=180 3.12% $393,224 12 2 20x12=240 3.12% $393,224 25-year amortization 12 2 25x12=300 3.12% $393,224 0 P1 = 1 0 P1 = 1 P2 = 60 BAL Outstanding = 0 P1 = 1 P2 = 60 BAL Outstanding P2 = 60 BAL Outstanding = Total PRN = Total PRN = Total PRN = Calculator 15-year amortization 20-year amortization 12 2 15x12=180 3.12% $393,224 P/Y= C/Y = N= I/Y = PV = PMT = FV = Analysis of what happened over the first five (5) years 12 2 20x12=240 3.12% $393,224 25-year amortization 12 2 25x12=300 3.12% $393,224 . 0 P1 = 1 0 P1 = 1 P2 = 60 BAL Outstanding = 0 P1 = 1 P2 = 60 BAL Outstanding = P2 = 60 BAL Outstanding = Total PRN = Total PRN = Total PRN = Total INT = Total INT = Total INT = Calculator 15-year amortization 20-year amortization P/Y = C/Y = N= 1/Y = PV = PMT= FV = Analysis of what happened over the first five (5) years 12 2 15x12=180 3.12% $393,224 $2,734.47 0 P1 = 1 12 2 20x12=240 3.12% $393,224 $2,200.53 0 P1 = 1 25-year amortization 12 2 25x12=300 3.12% $393,224 $1,885.21 P1 = 1 P2 = 60 BAL Outstanding = P2 = 60 BAL Outstanding = P2 = 60 BAL Outstanding = Total PRN = Total PRN = Total PRN = Total INT = Total INT = Total INT =

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