Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
solina solina
wrote...
Go to Answer
Posts: 1273
Rep: 9 0
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:
Read 246 times
1 Reply
Heavy Heart Thank you bio-forums! Heavy Heart
Replies
Answer verified by a subject expert
vanrheevanrhee
wrote...
#1
Top Poster
Posts: 718
Rep: 39 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

solina Author
wrote...

7 years ago
Good timing, thanks!
jcarter
wrote...

Yesterday
Thanks for your help!!
gefa
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  981 People Browsing
 119 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 415
  
 4500
  
 364
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 365
Previous poll results: Do you trust social media networks with protecting your privacy?