Question: Question 1) you purchase a house for (Column B) using a 30-year mortgage that makes monthly payments with an annualized interest rate of (Column C)

Question 1) you purchase a house for (Column B) using a 30-year mortgage that makes monthly payments with an annualized interest rate of

Question 1) you purchase a house for (Column B) using a 30-year mortgage that makes monthly payments with an annualized interest rate of (Column C) Calculate: How much are the monthly mortgage payments? After (Column D) number of years you refinance the remaining balance at a new lower interest rate (Column E) Calculate: How much are the new monthly mortgage payments? Calculate: Explain what happened to the value of money? Display: Tables/charts with given data and answers Suppose that in B44 you have a value of $750,000 and in C44 you have a value of 48%. Part A) calculate the monthly payments for a 30 year mortgage of $750,000 with an interest rate of 48%. Suppose in D44 you have a value of 10 years and in E44 you have a value of 32%. Part B) calculate the remaining balance on the mortgage after 10 years then calculate the monthly payments for a 20 year mortgage ( 3010 ) with an interest rate of 32% Question 1) you purchase a house for (Column B) using a 30-year mortgage that makes monthly payments with an annualized interest rate of (Column C) Calculate: How much are the monthly mortgage payments? After (Column D) number of years you refinance the remaining balance at a new lower interest rate (Column E) Calculate: How much are the new monthly mortgage payments? Calculate: Explain what happened to the value of money? Display: Tables/charts with given data and answers Suppose that in B44 you have a value of $750,000 and in C44 you have a value of 48%. Part A) calculate the monthly payments for a 30 year mortgage of $750,000 with an interest rate of 48%. Suppose in D44 you have a value of 10 years and in E44 you have a value of 32%. Part B) calculate the remaining balance on the mortgage after 10 years then calculate the monthly payments for a 20 year mortgage ( 3010 ) with an interest rate of 32%

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