Question
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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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
