Complete the following loan amortization by hand.  Please dr…

Complete the following loan amortization by hand.  Please draw a table like the one below on your blank page and fill in each blank. You will take a picture of this chart and upload your completed chart at the end of the exam. Please show your work. Please do not forget to calculate the total finance (interest) charge for this loan.  You should enter the total interest (finance) charge in the blank prompt for this question.   You are considering purchasing a house for $285,000.  Do a three month loan amortization and calculate total finance charge.  Assume a 20 % down payment.    20 year 5.25% loan with one discount point.   Beginning Balance Payment Principal Interest Ending Balance                                       FILL IN THE BLANK FOR.   total finance charge: ___________________   

Complete the following loan amortization by hand.  Please dr…

Complete the following loan amortization by hand.  Please draw a table like the one below on your blank page and fill in each blank. You will take a picture of this chart and upload your completed chart at the end of the exam. Please show your work. Please do not forget to calculate the total finance (interest) charge for this loan.  You should enter the total interest (finance) charge in the blank prompt for this question.   You are considering purchasing a house for $295,000.  Do a three month loan amortization and calculate total finance charge.  Assume a 20 % down payment.   (This loan requires a 20% down payment and you will be required to make monthly payments.)   20 year 6.00% loan with one and a half discount points.   Beginning Balance Payment Principle Interest Ending Balance                                       FILL IN THE BLANK FOR          Total finance charge:_____________________

On a blank piece of paper, draw a commercial bank balance sh…

On a blank piece of paper, draw a commercial bank balance sheet.    Show the following items on the balance sheet, clearly identifying which are assets and which are liabilities for the bank: Deposits Borrowings from the Fed Required Reserves Loans Securities Excess Reserves Other Borrowings Bank Capital   Upload a hand written balance sheet.  (Write your name on the page). Include this balance sheet on the same piece of paper showing hand written work for previous problems (other than the loan amortization chart you have already submitted.)