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?