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Question 39 (1 point) A monthly payment mortgage of $100,000 at 6 percent annual interest for 30 years is made. What is the r

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Answer #1
PVOrdinary Annuity = C*[(1-(1+i/100)^(-n))/(i/100)]
C = Cash flow per period
i = interest rate
n = number of payments
100000= Cash Flow*((1-(1+ 6/1200)^(-30*12))/(6/1200))
Cash Flow = 599.5505
PVOrdinary Annuity = C*[(1-(1+i/100)^(-n))/(i/100)]
C = Cash flow per period
i = interest rate
n = number of payments
PV= 599.5505*((1-(1+ 6/1200)^(-24*12))/(6/1200))
PV = 91397.95
Please ask remaining parts seperately, questions are unrelated
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