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1. Calculate the monthly payment for a home loan of $800,000 financed at 8.0% over 30 years. 2. Calculate the monthly payment for a

1. Calculate the monthly payment for a home loan of $800,000 financed at 8.0% over 30 years. 2. Calculate the monthly payment for a home loan in Detroit of $200,000 financed at 7% over 15 years. Note: the buyer will only finance 80% of the purchase price and make a down payment of 20%. 3. Calculate the future value of $25,000 invested for 10 years assuming an annual interest rate of 6%, compounded monthly. 4. Calculate the future value of $2,000 invested for 9 years assuming an annual interest rate of 9%. Present Value (PV) Payment (PMT) Future Value Ana (FV)

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