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QUESTION

1] What is the APR en a $500,091} xed rate lean amertising ever 39 years but due in 1|] years if the stated annual interest rate is 5.0% and the...

PLEASE ANSWER THE FOLLOWING QUESTIONS AND GIVE THE PROCESS OF CALCULATION

1] What is the APR en a $500,091} fixed rate lean amertising ever 39 years but due in 1|] years if thestated annual interest rate is 5.0% and the lender charges 2% as an erigjnatien fee, $13 fer a creditrepert and $500 fer an appraisal; a} 4.24% h} 5.flfl% c] 5.1 9% d] 5.29% 2} A herrewer can ehtain an 30% full};F an] ertiaing lean at a 6.fl% annual interest rate with equalmenthly payments ef principal and interest ever 3|] years, er ehtain a 90% fully amertizing lean fer3|] years at a 5.5% annual interest rate with equal menthly paymenin. What is the incremental annual herrewing cest fer the additie na] lean ameunt if each lean is eutstanding fer the full term;a} 12.5% h} 10.2% c] 3.3% d} 5.5%
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