Dollar amount of annual debt service, Finance Basics

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Dollar amount of annual debt service

A rental property thats earning Income income of 220,000 dollars given. A lender offers an 8% 20 yr fully amortized mortgage loan requiring monthly payments. Has annual debt coverage ratio 1.3% and the loan is already at 70% . Answer the following

> dollar amount of annual debt service?

> what is the loan amount?

> what is the value of the property?

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Finance Basics: Dollar amount of annual debt service

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Finance Basics: Dollar amount of annual debt service

Reference No:- TGS052442

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Recent Questions Asked Finance Basics

Q : Expected return on plan assets basics

Q : Calculate moore''s inclusion amount.

Q : Relationship between profit and final stock price

Q : What is stanley''s gross income

Q : Dollar amount of annual debt service

Q : Find the present values of project-s benefits and costs

Q : Determine the cost recovery deduction for 2009

Q : Costs of capital for the three different divisions

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Dollar amount of annual debt service

Reference No:- TGS052442

Recent Questions Asked Finance Basics

Q : Expected return on plan assets basics

Q : Calculate moore''s inclusion amount.

Q : Relationship between profit and final stock price

Q : What is stanley''s gross income

Q : Dollar amount of annual debt service

Q : Find the present values of project-s benefits and costs

Q : Determine the cost recovery deduction for 2009

Q : Costs of capital for the three different divisions

Q : Cost-to-retail percentage for the retail method

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