Question
Home Mortgage Payment I found my dream house in St. Paul, but I am not sure I can afford it? I have the $18,750 for
Home Mortgage Payment I found my dream house in St. Paul, but I am not sure I can afford it? I have the $18,750 for the down payment but it is the monthly payments that I am not sure about? What will my monthly payments be? Selling price: $375,000 Down payment: $18,750 Loan: 30-year $356,250 loan at 6%
Use two of the following three tools to solve the question. EXCEL Business calculator Text tables
Note: Include all the detail steps for each of the two tools you choose. The reader should be able to use your written steps to duplicate your calculation. For example, if using EXCEL show all formulas (copy so reader could duplicate your work). If using a business calculator, in detail in proper order show numbers and buttons you input to obtain your answer. Problems
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