Solution_for_Assignment_6

Solution_for_Assignment_6 - Assignment 6 Solutions: Loan...

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Unformatted text preview: Assignment 6 Solutions: Loan 10,000,000 Discount 8% Coupon Rate 10.00% prepay 10.00% Beginning Balance Payment Interest 1 $10,000,000 $1,627,453.95 $1,000,000 2 $8,435,291.45 $1,464,708.55 $843,529 3 $7,032,700.83 $1,318,237.70 $703,270 4 $5,775,959.90 $1,186,413.93 $577,596 5 $4,650,427.76 $1,067,772.54 $465,043 6 $3,642,928.20 $960,995.28 $364,293 7 $2,741,603.17 $864,895.75 $274,160 8 $1,935,780.96 $778,406.18 $193,578 9 $1,215,857.58 $700,565.56 $121,586 10 $573,190.00 $630,509.00 $57,319 Rate of return Price 9% $10,342,643.07 A 10% $10,000,000.00 11% $9,676,525.24 Security price $3,771,088.88 Some of you used 10% c if 10%, 10%, 10% Make sure to understand Market rate, Market intere Make sure you use Begin Loan 10,000,000 Discount 10.00% Rate 9.50% prepay 10.00% Beginning Balance Payment Interest 1 $10,000,000 $1,627,453.95 $1,000,000 2 $8,435,291.45 $1,464,708.55 $843,529 3 $7,032,700.83 $1,318,237.70 $703,270 4 $5,775,959.90 $1,186,413.93 $577,596 5 $4,650,427.76 $1,067,772.54 $465,043 6 $3,642,928.20 $948,751.17 $346,078 7 $2,736,229.69 $853,876.05 $259,942 8 $1,928,065.91 $768,488.45 $183,166 9 $1,208,469.35 $691,639.60 $114,805 10 $568,470.91 $622,475.64 $54,005 Rate of return Price B. Security price $3,560,927.59 if 9.5%, 10%, 10% Loan 10,000,000 Discount 8.00% Rate 9.50% prepay 20.00% Beginning Balance...
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This note was uploaded on 05/12/2008 for the course REAL ESATE 410 taught by Professor Chu during the Spring '08 term at Wisconsin.

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Solution_for_Assignment_6 - Assignment 6 Solutions: Loan...

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