Question
Congratulations! You are going to purchase a really nice home now that you have had some amazing investment success due to your finance knowledge gained
Congratulations! You are going to purchase a really nice home now that you have had some amazing investment success due to your finance knowledge gained from Part B of MIST 2090, and your Personal Finance and Computational Finance courses (by the way: the Computational Finance course uses a lot of Excel). The information about your mortgage is as follows: Home Price: $590,000 Down Payment: 20% Annual Percent Rate (APR): 4.6% Number of Years: 20 3 Your monthly payments (rounded to TWO decimal places, NO commas, NO dollar signs ($)) are: Hint: Remember to compute the Loan Amount, the monthly percent rate (MPR) and the number of payments (number of months) before you compute the monthly payments.
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