How much can I borrow for the purchase of my first home if I can afford...
How much can I borrow for the purchase of my first home if I can afford to make
monthly payments of $500, and the annual interest rate is 6 percent on a 30-year mortgage?
Note: I would like it solved through excel, thank you.
Homework Answers
Hence, Maximum borrowing is $83,395.81 or $83,396
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compounded monthly?
(Give your answer, in dollars, correct to the nearest
dollar.)
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dont look at my writing.
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