Sign In
Not register? Register Now!
Essay Available:
You are here: Home → Math Problem → Business & Marketing
Pages:
1 page/≈275 words
Sources:
No Sources
Level:
APA
Subject:
Business & Marketing
Type:
Math Problem
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Fixed and Adjustable Mortgage Rates Calculations (Math Problem Sample)

Instructions:

For this paper, the student was required to calculate the monthly payments, principle, and loan maturity dates for two loans. To find these figures, the student was required to create an excel sheet and write a one-page paper in apa format explaining his calculations and stating the figures they found. The student was also required to indicate the formulas they used in their calculations. No sources were required for this paper.

source..
Content:


Fixed and Adjustable Mortgage Rates Calculations
Student Full Names
Institutional Affiliation
Course Full Title
Instructor Full Names
Due Date
Fixed and Adjustable Mortgage Rates Calculations
The monthly payment for the CPM was $886, calculated using the PMT function on an excel sheet. Further, the principal for the loan was $175,000, while the monthly interest rate was determined to be 0.0025, found by dividing the annual interest rate of 0.045 by 12. Also, the number of payments necessary to clear the loan was determined by finding the product of the entire loan period by 12, which in this case was equal to 360. Moreover, the total payments made were found by multiplying the monthly payments by 360, which yielded $319,211, while the sum of all the monthly interests resulted in $144,211.

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

Other Topics:

  • Artisan Flooring Products Inc: Income Statement and Balance Sheet as of December 31, 2020
    Description: he will not have liquidity problems since the assets and inventories can be readily converted into cash without affecting the prices of the inventories. * The company reported a profit in the year 2020 * Price cuts by competitors would make the company unable to operate since the company ...
    3 pages/≈825 words| No Sources | APA | Business & Marketing | Math Problem |
  • What is the Probability of Completing the National Holiday Toy
    Description: Solving the probability of completing the National Holiday Toy project in 93 time units and Computing the expected time for completing an activity...
    2 pages/≈550 words| No Sources | APA | Business & Marketing | Math Problem |
Need a Custom Essay Written?
First time 15% Discount!
Order Now