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solina solina
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Posts: 1273
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7 years ago
You wish to purchase a condo at a cost of $175,000. You are able to make a down payment of $35,000 and will borrow $140,000 for 30 years at an interest rate of 7.25%. How much is your monthly payment? To solve this problems with an EXCEL spreadsheet, you would enter
A) =PMT(7.25/12,360,140000,0,1).
B) =PMT(.0725/12,360,140000,0,1).
C) =PMT(7.25,30,140000,0,1) /12.
D) =PMT(.0725/12,360,175000,0,1).
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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7 years ago
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solina Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
This helped my grade so much Perfect
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2 hours ago
Correct Slight Smile TY
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