4. You plan to redo your kitchen in 2 years for an expected cost of $40,000....

Question

Question

4. You plan to redo your kitchen in 2 years for an expected cost of $40,000. You plan to use a 15-year, 6% home equity loan t

Answer 1

Answer #1

А 1 Payments 2 time 3 period 4 interest rate B $250.00 2 years 24 months 0.5% -6%/12 6 future value in 2 years $6,389.78_1=FV

Answer 2

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