Name: Assignment #11

Instructions: Round your Payment answers to the nearest two decimal places (xxxx.xx). Do not use the \$ before your answer nor use a minus (-) sign and do not use a comma to separate thousands. Round your I/YR (APR) answers to two decimal places. Express that answer as as a percentage without a % sign (xx.xx eg. 11.37).

Question 1   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 125800 30 9 5

Given the above information, how much is the mortgage payment?

 Question 2 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 3   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 110200 30 12 5

Given the above information, how much is the mortgage payment?

 Question 4 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 5   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 126600 30 7 5

Given the above information, how much is the mortgage payment?

 Question 6 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 7   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 139000 30 12 4

Given the above information, how much is the monthly mortgage payment?

 Question 8 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 9   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 120000 30 6 4

Given the above information, how much is the monthly mortgage payment?

 Question 10 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 11   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 109200 30 6 3

Given the above information, how much is the monthly mortgage payment?

 Question 12 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 13   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 124000 30 7 1

Given the above information, how much is the monthly mortgage payment?

 Question 14 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 15   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 109800 30 12 5

Given the above information, how much is the monthly mortgage payment?

 Question 16 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 17   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 106800 30 7 4

Given the above information, how much is the monthly mortgage payment?

 Question 18 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?

Question 19   Fill in the Blank (1.0000 points)
Question:
 PV Years I/YR Points 101600 30 8 2

Given the above information, how much is the monthly mortgage payment?

 Question 20 Fill in the Blank (2.0000 points) Question: What is the effective cost (APR) of the above mortgage?