REFHW_1SFall2007 - Real Estate Finance Homework #1...

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05/06/2009 Real Estate Finance Homework #1 Solutions File:  REFHW#1SFall2007 Real Estate Finance Homework #1 Solutions Fall 2007 Problem #1 a P/Yr = 12 PV =  $350,000  I = 7.0% N = 300 PMT = (2,473.73) Problem #1 b PMT = $2,473.73  Annual Debt Service =  $29,685  Loan Amt =  $350,000  ADS/Loan Amt = 0.0848 K Problem #1 c Interest Month 1 12 Beginning Loan Bal  $350,000   I/12 = 0.6% I Month 1 = $2,041.67 Total Payment = $2,473.73 Interest Mo. 1 = 2,041.67 Principal Mo. 1 = $432.06 Problem 1 d PMT = $2,473.73  N =  264  I = 7.0% PV = ###
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05/06/2009 Real Estate Finance Homework #1 Solutions File:  REFHW#1SFall2007 Real Estate Finance Homework #1 Solutions Fall 2007 Problem #2 a PV =  $160,000  I = 6.5% N = 360 PMT = ($1,011.31) Loan Amt =  $160,000  points =  (1,600) Loan Amount Disbursed =  $158,400  PV = $158,400 PMT = ($1,011.31) N = 360 I = 6.597% APR = 6.625% Problem #2 b Loan Amt =  $160,000  points =  (1,600) OOP =  (2,000) Loan proceeds received =  $156,400  PV = $156,400 PMT = ($1,011.31) N = 360 I = 6.72%
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REFHW_1SFall2007 - Real Estate Finance Homework #1...

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