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  3. 1. marsha terban bought a home for $110,000 with a

1. Marsha Terban bought a home for $110,000 with a down payment of $10,000. Her...

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Finance

1. Marsha Terban bought a home for $110,000 with a down payment of $10,000. Her rate of interest is 9 1/2 percent for 15 years. Compute an amortization schedule for the first 3 months of the loan.

2. LaSalle Home Mortgage offers 30 year fixed rate mortgages at 7.5%, with 10% down payment and 3.25 points. What will be the amount paid for the points if the home sells for $125,000?

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