Reverse Mortgage

girasol2525 asked: What amortization payments would be required every six months, at 14% interest, to pay off a loan within 4 yrs?

hlnov13 asked: A family has a mortgage on their house with 25yr amortization period. The nominal interest rate is i-5.95%; interest is compounded semiannually. Their monthly payment is p-$3107.77, and their current balance is $237,562.52. Answer the following questions assuming that the interest rate stays the same over the duration of the mortgage. a)How many [...]

C K asked: here is a small sample of the factor numbers i get from a book: MONTHLY PAYMENT FACTORS Payments per $1000 Amortization payment in years interest rate– in 1 year—-in 2 years—-in 3 years—in 4 years ——-7%——–86.5267- – -44.7726- – -30.8771- – -23.9462 —–10%——–87.9159- – -46.1449- – -32.2672- – -25.3626 in the first [...]

UnknownX asked: A farmer borrows $50,000 to buy a new tractor. The loan payments are due semiannually and the term of the loan is 8 years. How much is each semiannual payment, if the interest rate is 5% compounded semiannually?

Steven asked: Firstly, I don’t really know what it is. What I am really looking to calculate is what my money would be if I invested x dollars per week into a fun with whatever interest rate… what my saved money would be after however many years. Thanks!

rena_kurama asked: Ok so I have to do an amortization table by hand now I know how to use the TVM solver on my calculator…but what do you do after that? So you have to future value the interest and everything but then how do you use it to fill the table? Im sorry if [...]

Wizard and Chips asked: Does anyone know what an amortization formula looks like if I pay at the beginning instead of the end of a compounding period? I need the formula.

C K asked: basically this is a real state question that have alot of mathematics, is there any formula for it?

amy asked: Someone has a 30-year home mortgage. In one year (not necessarily the first year) they paid 11,748.25 in interest only. In the following year, they paid $4,098.94 in principal and $11,549.53 in interest. Last year they paid $11,341 in interest. This year, what will the principal and interest payment be, and what is [...]

….. asked: Between her home mortgage, car loan, and credit card bill, Megan is $75,300 in debt. The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the [...]