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Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows PV- $130,000 at r-2.4%
Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows PV- $130,000 at r-2.4% for t-30 yz What is their monthly payment (PMT)? Round the answer to the nearest cent. FV = PMT((1+D"-1] i PMT= FV(t) [(1+1)-1] PV(1) PMT [1-(1+8)] PV=PMT+0 Please show your work?
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
