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On the sheet named Goal Seek shows a similar loan model. With a 3.00% Rate, a 30 years mortgage for a $400,000 loan - the
On the sheet named Goal Seek shows a similar loan model. With a 3.00% Rate, a 30 years mortgage for a $400,000 loan - the monthly payment is $1,686.42. If all you could pay is $1,500 per month, what kind of a loan can you afford? O $355,784 O $300,201 O $278,784 O $344,442 Payment A The Loan Model 2 3 Rate 4 Years Loan Payment Font fx =PMT(Rate/12, Years 12,-Loan) 8 D 3.00% 30 $400,000 $1,686.42 1/1 M PMT(Rate/12,Years 12,-Loa
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