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BUSN 379 DeVry Week 4 Case Study

BUSN 379 DeVry Week 4 Case

BUSN 379 DeVry Week 4 Case Study Downloading is very simple, you can download this Course here: http://mindsblow.us/question_des/BUSN379DeVryWeek4CaseStudy/4458 Or Contact us at: help@mindblows.us BUSN 379 DeVry Week 4 Case Study BUSN379 BUSN 379 DeVry Week 4 Case Study Case II is due at the end of this week. For this assignment, prepare a memo in Word, which answers the questions in the Chapter 5 case, S & S Air's Mortgage, on page 165 of the textbook. Use Excel to do any financial calculations. You will be graded on correct financial analysis, proper use of technology, and business-like presentation. Good work effort with Week 4 Case Study II. 1. Mortgage Payments(10/10) a. What are the monthly payments for a 30-year traditional mortgage? b. What are the monthly payments for a 20-year traditional mortgage? 2. Amortization (15/15) a. Prepare an amortization table for the first six months of the traditional 30-year mortgage. Year / Beginning Balance / Total Payment / Interest Paymt / Principal Paymt / Ending Balance 1 / $35,000,000.00 / 212,098.17 / 177,916.67 / 34,181.51 / 34,965,818.49 2 / 34,965,818.49 / 212,098.17 / 177,742.91 / 34,355.26 / 34,931,463.23 3 / 34,931,463.23 / 212,098.17 / 177,568.27 / 34,529.90 / 34,896,933.32 4 / 34,896,933.32 / 212,098.17 / 177,392.74 / 34,705.43 / 34,862,227.89 5 / 34,862,227.89 / 212,098.17 / 177,216.33 / 34,881.85 / 34,827,346.04 6 / 34,827,346.04 / 212,098.17 / 177,039.01 / 35,059.17 / 34,792,286.88 a. How much of the first payment goes toward principal? Hint: just pull this number from your table. 3. Smart Loan (25/25) a. How long would it take for S&S Air to pay off the smart loan assuming 30-year traditional mortgage payments? Hint: The payment for a loan repaid with equal payments is the annuity payment with the loan value as the PV of the annuity. Bi-weekly payoff = Bi-weekly payoff =

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