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  3. please post buydown amount with pv formula! thanks

please post buydown amount with PV formula! thanks 992 993 994 6....

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Accounting

please post buydown amount with PV formula! thanks image
992 993 994 6. How much must a seller pay to a buyer's lender to "buydown" the interest rate from 7% to 5.5% for 5 years 995 on a 30-year, monthly payment FRM loan for $530,000? 996 997 Budown Period (years) 5 998 999 7% Loan 1000 Loan Amount $530,000.00 Buydown amount (5) with PV function 1001 Annual Interest Rate 7.00% 1002 Maturity (in years) 30 1003 Periods per year 12 1004 Monthly Payment $3,526.10 1005 1006 5.5% Loan 1007 Loan Amount S$10.000.00 1008 Annual Interest Rate 5.50% 1009 Maturity (in years) 30 1010 Periods per you 12 1011 Monthly Payment 53.009.28 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 Concepts

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