Mortgage Cases - Adebayo Temidayo Case # 1 Mortgage Case...

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Adebayo Temidayo Case # 1 Mortgage Case Number of years 5 Interest Rate 12% Periods per year 12 Period Rate 1% Mortgage $100,000 payment $2,224.44 point 1.5% Processing Cost $750.00 EAR 13% Discount 1500 Mortgage New $98,500 Annual Payment $26,693.34 EAR/Period rate 0.01 Mortgage after Pcost $97,750.00 Periods PMT interest paid Prinicipal Balance 0 $97,750.00 1 $2,224.44 1065.48 $1,158.97 $96,591.03 2 $2,224.44 1052.84 $1,171.60 $95,419.43 3 $2,224.44 1040.07 $1,184.37 $94,235.05 4 $2,224.44 1027.16 $1,197.28 $93,037.77 5 $2,224.44 1014.11 $1,210.33 $91,827.44 6 $2,224.44 1000.92 $1,223.53 $90,603.91 7 $2,224.44 987.58 $1,236.86 $89,367.05 8 $2,224.44 974.10 $1,250.34 $88,116.71 9 $2,224.44 960.47 $1,263.97 $86,852.73 10 $2,224.44 946.69 $1,277.75 $85,574.98 11 $2,224.44 932.77 $1,291.68 $84,283.31 12 $2,224.44 918.69 $1,305.76 $82,977.55 13 $2,224.44 904.46 $1,319.99 $81,657.56 14 $2,224.44 890.07 $1,334.38 $80,323.18 15 $2,224.44 875.52 $1,348.92 $78,974.26 16 $2,224.44 860.82 $1,363.63
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This note was uploaded on 04/13/2010 for the course FINANCE Finanicial taught by Professor Mayes during the Spring '10 term at Rochester College.

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Mortgage Cases - Adebayo Temidayo Case # 1 Mortgage Case...

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