Question
how to solve the following questions using financial formulas A.How much would monthly payments be on a $1,000,000 mortgage if you make payments at the
how to solve the following questions using financial formulas A.How much would monthly payments be on a $1,000,000 mortgage if you make payments at the beginning of each month for 30 years and the rate of interest is 2% compounded semi-annually? B.You decide that you are going to spend $500,000 on a house. You can get a mortgage at 3% compounded semiannually for 25 years. What are your monthly payments? C. The salesperson asks you how much you can spend each month on the car. You tell them that you can spend $500.00 at the beginning of each month for 5 years at 1% compounded monthly. What would the list price of the car be?
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