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Q 5 . In the sheet Q 5 you will find a partially - filled worksheet. A young married couple has carefully looked at their
Q In the sheet Q you will find a partiallyfilled worksheet. A young married couple has carefully looked at their budget. After review, they can afford a monthly mortgage payment of $ They go to their local banker and she offers them a mortgage of APR with monthly compounding over a term of years. The couple has enough savings to pay down, so the mortgage will be of the home's value. The couple would like to know what the size of their potential mortgage using PV function, points, only the PV cell will be graded, no partial credit and house price points, no partial credit
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