Lisa is buying a house and needs to borrow $200,000. The loan will be financed at 7% interest. If she is going to be making monthly payments for 20 years, what will her payment be? N FV I/Y PV 240 0.0583333 $ 200,000.00 PMT ($893.27) ANSWER $ 893.27 0 Note: Be sure to fill in the yellow blanks for full credit. Price 200000 Down Payment 0 Loan Amount 200000 Interest Rate 0.07 Years 20 Periods 12 What is the future value of $400 a month invested for 8 years at 6% interest (starting with nothing)? N I/Y PV PMT FV ANSWER Note: Be sure to fill in the yellow blanks for full credit. Price Down Payment Loan Amount Interest Rate Years Periods