*****PLEASE EXPLAIN HOW TO SOLVE USING THE FINANCIAL CALCULATOR****

Use the following information for the next 14 questions. Julie wants to buy a lovely house in the Dominion she saw advertised for the bargain price of $1,000,000. She will make a 20% down payment, and the lender will charge 3 discount points. The interest rate is 4.5%, for this 30-year loan. How much will the lender actually disburse?

QUESTION 2

1. How much will Julie's principal and interest payment be each month?

   		3,414.36
   		3,665.99
   		4,053.48
   		4,740.51

1 points

QUESTION 3

1. After 1 year, how much will Julie have paid into principal?

   		4,415.71
   		4,941.72
   		5,047.62
   		12,905.79