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Calculate the monthly payment for a home loan in San Francisco of $1,500,000 financed at 8% over 30 years. Note: the buyer will only finance
Calculate the monthly payment for a home loan in San Francisco of $1,500,000 financed at 8% over 30 years. Note: the buyer will only finance 80% of the purchase price and make a down payment of 20%. What are the time periods? What is the annual interest / discount rate? What is the payment amount? What is the Future Value? What is the Present Value? Round all answers to the nearest dollar. Please make sure to include the proper sign and use commas
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