You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. A mortgage company off...
You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. A mortgage company offers you a 15 year fixed rate mortgage (180 months) at 3% APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to:
|
$1,660 |
||
|
$1,726.45 |
||
|
$7,536.85 |
||
|
$2,535 |
Homework Answers
![Monthly repayment EPMT = Loan = [(1-(1/(1+r^n}}/r] 250,000 = [((1-(1/(1.00254180)/0.0025) $1,726.45](http://img.homeworklib.com/questions/3458b8e0-1707-11ea-81d3-1502854c2563.png?x-oss-process=image/resize,w_560)
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You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. A mortgage company off...
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hi how do i solve this please explain You are considering buying a new home. You...
hi how do i solve this please explain
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hi please can someone say how to solve this Question 14 You are considering buying a...
hi please can someone say how to solve this
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hi please explain step by step how to solvw this and the name of the formula...
hi please explain step by step how to solvw this and
the name of the formula used thank you
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please no stupid indian excel answers, please explain step by step how to answer this with...
please no stupid indian excel answers, please explain
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the world with financial calculqtors thank you
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hi how do i solve this please explain
You are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortgage company offers you a 20-year fixed rate at 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment will be closest to: A. 18,910.72 B. 3,149.04 C. 38,341.27 D. 3,070.42 E, 2,635.35 F. None of the above is correct.
hi please can someone say how to solve this
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hi please explain step by step how to solvw this and
the name of the formula used thank you
Youf are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortgage company offers you a 20-year fixed rate at 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment will be closest to:
please no stupid indian excel answers, please explain
step by step how to answer this with explanations thank you and
again i remind no stupid indian who thinks they are the smartedt in
the world with financial calculqtors thank you
You are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortga t 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment wilkbe...
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