Question
2) a couple purchasing a home budget $1500 per month for their loan payment if they have $28,000 available for a town payment and are
2) a couple purchasing a home budget $1500 per month for their loan payment if they have $28,000 available for a town payment and are considering a 25 year loan how much can they spend on the home at each of the following rates round your answer to the nearest cent
a) 6.2% compounded monthly
b) 7.1% compounded monthly
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
