- 1the patel family recently purchased a home taking out a mortage of $235,000 at 8% for 25 years excluding taxes and insurance what is the monthlt piti payment for their loan
the patel family recently purchased a home taking out a mortage of $235,000 at 8% for 25 years excluding taxes and insurance what is the monthlt piti payment for their loan

- 2The Patel family recently purchased a home, taking out a mortgage of $235,000at 8 1/2% for 25 years
The Patel family recently purchased a home, taking out a mortgage of $235,000at 8 1/2% for 25 years. Excluding taxes and insurance, what is the monthly PITIpayment of their loan?

- 3The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8½%for 25 years
The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8½%for 25 years. Excluding taxes and insurance, what is the monthly PITI payment of their loan?

- 4please help thanks :)what does PITI mean example Find the monthly PITI payment of this loan
please help thanks :)what does PITI mean example Find the monthly PITI payment of this loan ?Sue recently purchased a home, taking out a mortage of $235,000 at 8 3/4% for 25 years annual property taxes are $6,345 and annual hazard insurance premium is $1,479please explian how to do this thanks :)

- 5Complete assuming monthly payment as given
Interest rate $ 8.04% Home Mortgage 100,000 Time of Loan 180 months Monthly payments $ 957.96
Find the princial after first payment and principal after second payment
Complete assuming monthly payment as given Interest rate $ 8.04% Home Mortgage 100,000 Time of Loan 180 months Monthly payments $ 957.96 Find the princial after first payment and principal after second payment

- 6Jill Ley took out a loan to pay for her child's education for $60,000 the loan wouls be repaid at the end of 8 years in one payment with an interest of 6 percent the total amount Jill has to pay back at the end of the loan is
Jill Ley took out a loan to pay for her child's education for $60,000 the loan wouls be repaid at the end of 8 years in one payment with an interest of 6 percent the total amount Jill has to pay back at the end of the loan is.

- 780,000 loan from family and 32,250 loan from the bank, all loans must be paid in full in 10 years
80,000 loan from family and 32,250 loan from the bank, all loans must be paid in full in 10 years. What integer will represent the total budget?

- 8the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given byP=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ]Find the monthly payment for a home mortgage of 300,000 that will be amortiz
the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given byP=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ]Find the monthly payment for a home mortgage of 300,000 that will be amortized over 30 yr with an interest rate of 6%/year? And interest rate of 8%/year?

- 9calculate the monthly payment by loanamotization table: loan 26,000, down payment of 5,000 at 11% for 36 months
calculate the monthly payment by loanamotization table: loan 26,000, down payment of 5,000 at 11% for 36 months

- 10Calculate the monthly payment by loan amortization tableLoan $26,000Down payment $5,00011%36 Months
Calculate the monthly payment by loan amortization tableLoan $26,000Down payment $5,00011%36 Months

- 11The smith family is going to buy a home for 150,000 they will need a 10% down payment how much will they need
The smith family is going to buy a home for 150,000 they will need a 10% down payment how much will they need

- 12A major cost factor in the purchase of a home is the monthly loan payment
A major cost factor in the purchase of a home is the monthly loan payment. There are many Websites where prospective home buyers can shop the interest rates and determine their monthly payment. Capital Bank of Virginia is considering offering home loans on the Web. Before making a final decision, a sample of recent loans is selected and the monthly payment noted. The information is organized into the following frequency distribution. Monthly Mortgage Payment Number of Homeowners $ 100 up to $ 500 1 500 up to 900 9 900 up to 1,300 11 1,300 up to 1,700 23 1,700 up to 2,100 11 2,100 up to 2,500 4 2,500 up to 2,900 1 Total 60 a. Determine the mean monthly payment. b. Determine the median monthly payment.