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how to use Financial Calculator to do this question ? Please show step how to do. Which is PV, I/Y, N, PMT? and what formula
how to use Financial Calculator to do this question ? Please show step how to do. Which is PV, I/Y, N, PMT? and what formula to use?
Home Mortgage You bought a house for $790,000 with a 30 year mortgage (360 monthly payments). 5 years have since passed (60 payments) Your APR on the mortgage is 4.5%. Now you are ready to go to the bank and payoff the entire mortgage (hoorayl) having made impressive stock market returns What is the amount you need to write a check to the bank for (assuming no other costs or fees) to own the house outright? (Hint: what is the value of the loan now) O A $724,162 X. 5718,540 C722.471 *. $720,148Step by Step Solution
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