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can someone check if my answrrs are correct? if not, what are the right ones? Unit 2: Borrowing - Using Your Future Income Today LG6-Understand
can someone check if my answrrs are correct? if not, what are the right ones?
Unit 2: Borrowing - Using Your Future Income Today LG6-Understand how to shoo and determine borrowina costs for larae ourchases Application Timel Jessico would like to purchase o home - he wants to avoid PMI insurance. Don' worry about taxes and insurance for any of these questions just keep in mind that those would need to be cansidered as well. (1) you will need to pull the doto from the "Info Sheet" and (2) solve for the missing inormation Jessica makes the down payment and takes out the loan described, what will be the monthly l payment? \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Price & Down Priment & NPER & RATE & & PV & PMT & FV \\ \hline 255,000 & 55000 & 360 & 0.00354167 & 200,000 & 615.03 & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Total Payment & Total Costs \\ \hline 221,410.80 & 276410.80 \\ \hline \end{tabular} Unit 2: Borrowing - Using Your Future Income Today LG6-Understand how to shoo and determine borrowina costs for larae ourchases Application Timel Jessico would like to purchase o home - he wants to avoid PMI insurance. Don' worry about taxes and insurance for any of these questions just keep in mind that those would need to be cansidered as well. (1) you will need to pull the doto from the "Info Sheet" and (2) solve for the missing inormation Jessica makes the down payment and takes out the loan described, what will be the monthly l payment? \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Price & Down Priment & NPER & RATE & & PV & PMT & FV \\ \hline 255,000 & 55000 & 360 & 0.00354167 & 200,000 & 615.03 & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Total Payment & Total Costs \\ \hline 221,410.80 & 276410.80 \\ \hline \end{tabular} Step by Step Solution
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