You want to ourchase a house that is priced at $85000. you can get a loan for 80 percent of the banks appraised value at 15 1/4 percent for 30 years with monthly amortization. the banks appraiser has a theory that the value of a house is 95 percent of the asking price and appraises it accordingly . what will be your monthly payment if you take the loan?

set up an amortization schedule for years 1-5 for this problem showing annual mortgage payment amounts, yearly mortgage balances, principal, and interest for each year (total)

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%