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please answer these 4 questions Question 14 5 pts Chelsea is buying her first condo for $200,000, and will make a $15,000 down payment. She
please answer these 4 questions
Question 14 5 pts Chelsea is buying her first condo for $200,000, and will make a $15,000 down payment. She has arranged to finance the remainder with a 30-year mortgage at a 4.85% nominal interest rate. This amortized loan has monthly payments, with the first payment due in one month. What will her monthly payments be? Your answer should be between 526.00 and 1462.20, rounded to 2 decimal places, with no special characters uestion 15 5 You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000 at the end of Year 2, $850 at the end of Year 3, and $4,050 at the end of Year 4. What rate of return would you ea you bought this assetStep by Step Solution
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