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Author Question: Suppose you borrowed $14,000 at a rate of8.5% and must repay it in5equal installments at the end of ... (Read 64 times)

shivanipalawai@gmail.com

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on: Aug 7, 2023

Question 1

Suppose you are buying your first house for $260,000, and are making a $30,000 down payment. You have arranged to finance the remaining amount with a35-year, monthly payment, amortized mortgage at a 6.25% nominal interest rate. What will your equal monthly payments be?

◦

$1,283.84


◦

$1,240.88


◦

$1,350.28


◦

$1,360.98



Question 2

Suppose you borrowed $14,000 at a rate of8.5% and must repay it in5equal installments at the end of each of the next5years. How much interest would you have to pay in the first year?

◦

$1,025.97


◦

$1,190.00


◦

$1,126.00


◦

$1,080.00

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by shivanipalawai@gmail.com on Aug 7, 2023

ad2018

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shivanipalawai@gmail.com

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

ghepp

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Reply 3 on: Yesterday
:D TYSM

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