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11. Your friend is currently paying $575 in rent monthly and wants to know how much she could borrow using a 30 year mortgage at

11. Your friend is currently paying $575 in rent monthly and wants to know how much she could borrow using a 30 year mortgage at 3.5% APR and for the same payment as her current rent. What could you type into Excel to calculate this value? 2 points

a) =475(1.035)30*12

b) =PMT(.035/12, 30*12, -575)

c) =FV(.035/12, 30*12, -575)

d) =PV(.035/12, 30*12, -575)

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