Question
9.You found a house that you are planning to purchase. Currently, you are paying $875 in rent monthly and want to know how much you
9.You found a house that you are planning to purchase. Currently, you are paying $875 in rent monthly and want to know how much you could borrow using a 20 year mortgage at 3.5% APR and for the same payment as your current rent. What could you type into Excel to calculate this value?
Group of answer choices
=PV(3.5/12,12*20,-875)
=PV(.035/12,12*20,-875)
=PMT(3.5/12,20*12,-875)
=PMT(.035/12,12*20,-875)
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Topological Methods In Group Theory
Authors: Ross Geoghegan
1st Edition
1441925643, 978-1441925640
