House Finance Assignment Help With Solution

House Finance Assignment Help With Solution


1. Car plan. Given the following data:
Car price, 20000; Downpayment, 10%; Saving rate, 2%; Saving time, 2;
Loan rate, 6%; Loan term, 4 years
a) Monthly saving to pay for the down payment _______
b) Loan payment monthly _______
2. House plan. Given the following data:
House price, 350,000; Downpayment,10%; Saving rate, 8%; Saving time, 2;
Loan rate, 4.20%; Loan term, 30 years
a) Monthly saving to pay for the down payment _______
b) Loan payment monthly _______
3. Loan amortization table. Build the amortization table for a yearly loan of the following
characteristics: Interest, 10%; Time, 6 years; Principal, 100000.
4. Balloon Payment –shortcut way. A couple is thinking about closing on a home plan with the
following characteristics:
House price, 350000; Downpayment, 10%; Loan rate, 4.20%; Loan term, 30;
They may move after 20 years, and they are wondering how their loan balance would look like
at that time
a) Principal due _______
b) Total dollars paid _______
c) Principal paid _______
d) Interest paid _______
5. Effective rates. Which of the following loans offers a lower effective rate?
House   B C
House price   400000 400000
Downpayment   10% 10%
Loan rate   4.10% 4.05%
Loan term   30 30
Points   0.00 1.00
Payment, monthly   _______ _______
Eff. rate monthly   _______ _______
Eff. rate yearly   _______ _______


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6. Analyze the following loan and provide the charts for a) the proportions of interest and principal through the life of the loan and, b) accumulated interest and principal.
Interest 4.00% yearly; Time 30 years, or 360in months; Principal, $360,000.00
7. Trusts, planned expenses. A company needs to set up a fund to cover certain anticipated research expenses of $20,000 per year during 20 years. The firms anticipates it can earn a minimum of 3% in such fund. How much money is needed for such fund? __________ .
(Use yearly figures.)
8. Self-annuitizing. A couple has accumulated $258,244.00. They can earn a 4% in their investments, their daughter is planning on a five year program of graduate study , and they would like to know how much monthly income could be withdrawn if that amount was invested at 4% during the five year period. Answer: ________ .
9. Retirement plan (yearly). Calculate the funds needed at retirement, and the yearly saving to accumulate such an amount for the following data:
Retirement period to cover 30 Retirement annuity 30000 Rate on retirement account 4% Rate on savings 8% Years from retirement 20
a) Funds needed ___________
b) Yearly saving
10. Insurance annuity (Immediate). An insurance company offers an immediate annuity to one of your clients, where he will get monthly payments of $1600 for as long as he lives at the cost of $258,244.00.
a) What is the implied rate of return if your client were to live for 20 years? _________
b) Is it a good deal? :

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