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Homework answers / question archive / 1
1. you have a home loan for $150,000 at 4.8%. The payment for this loan over 30 years would be $787.00. Find the periodic interest rate (APR divided by compounding periods). Complete the amortization table for the first two months. Round all answers to 2 decimal places. PMT: S Periodic interest rate % or (decimal) Month # Payment ($) Interest ($) $ To Principle Unpaid Balance 0 $150,000.00 1 $ $ $ $ 2 $ $ $ $
2. On March 1, the price of a commodity is $1,000, and the December futures price is $1,015. On November 1, the price of the commodity is $980, and the December futures price is $981. A producer of the commodity entered into a December futures contracts on March 1 to hedge the sale of the commodity on November 1. The producer closed out its position on November 1 The producer of the commodity takes a futures position long Bin short loss
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