- Report your answers to three decimal places.

- Unless otherwise instructed, solve problems in the given units. IE: if given units are in $K, complete your computations in these units and, as applicable, report your answer in these units (without writing "$" or "K").

- Do not report any numerical answer as a percent. IE: for example, write

0.324 instead of 32.4%.

Most real-world mortgages feature uniform payments (CFs) and terms from 15 to 30 years. Solve this real-world mortgage problem: Wells Fargo offers you a 6%,30 year mortgage. The firm will give you $100K today to help you buy a house that costs $150K. (IE: you will buy the house with $50K of your own funds and $100K of mortgage-loan funds). What is your annual mortgage payment (CF or C)? Hint: use formula 74e): PVtot=C[r1(1+r)n] C= Periodic Payment =CF r= rate per period n=number of periods