Business, 16.10.2020 04:01 ausrin8432

Your firm has taken out a loan with APR (compounded monthly) for some commercial property. As is common in commercial real estate, the loan is a -year loan based on a -year amortization. This means that your loan payments will be calculated as if you will take years to pay off the loan, but you actually must do so in years. To do this, you will make equal payments based on the -year amortization schedule and then make a final 60th payment to pay the remaining balance. A. What will your monthly payments be?
B. What will your final payment be?

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Answer from: michaelwthms

Hello some parts of your question is missing below is the complete question

Your firm has taken out a $500000 loan with 9% APR (compounded monthly) for some commercial property. As is common in commercial real estate, the loan is a five-year loan based on a 15-year amortization. This means that your loan payments will be calculated as if you will take 15 years to pay off the loan, but you actually must do so in five years. To do this, you will make 59 equal payments based on the 15 -year amortization schedule and then make a final 60th payment to pay the remaining balance.

answer : A) $5071.33

B ) $405410.94

Explanation:

A )calculate monthly payments

Loan amount = $500000

Rate = 9%

Monthly rate = ( 9% / 12 )= 0.75%

Time / period = (15years* 12 ) = 180 months

calculate the monthly payments =PMT (monthly rate ,period - rate) ( using excel )

= $5071.33

B) Calculate the final payment

PV for 59 payments + PV for 60th payment = loan amount

first we calculate the PV for 59 payments

monthly payments = $5071.33

period = 59 months

monthly rate = 0.75%

PV for 59 payments = PMT( monthly rate, period, - monthly payments ) (using excel )

= $241,064.16

Hence PV for The final payment = loan amount - PV for 59 payments

= 500000 - 241064.16 = $258,935.84

Finally Calculate the Final payment

PV = $258935.84

monthly rate = 0.75%

period = 60 months

Final payment ( future value ) =FV( monthly rate, period,, - PV ) ( using excel)

= $405410.94

Answer from: Quest

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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Your firm has taken out a loan with APR (compounded monthly) for some commercial property. As is com...

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