The accompanying Homeownership spreadsheet contains a partially completed spreadsheet model for computing the monthly costs of home ownership. Complete the spreadsheet model by inserting the formulas for monthly mortgage payment (B12), monthly property tax (B13), monthly homeowner insurance premium (B14), monthly maintenance costs (B15), and total (B16) in the appropriate celis. Click here for the Excel Data File a. Is this a deterministic or stochastic model? b. Which of the following is NOT an input of the spreadsheet model? Interest rate Monthly mortgage payment Number of years of the loan Annual maintenance cost rate c. What is the monthiy total of home ownership using the assumptions stated in the spreadsheet? Note: Round your answer to 2 decimal places. d. How much does the monthiy total of home ownership increase if the owner decides to get a 15 -yenr mortgage instead of a 30 -year mortgoge? Note: Round your answer to 2 decimal places. Monthly Cost of Home Ownership Monthly mortgage payment: Monthly property tax: Monthly homeower insurance premium: Monthly maintenance costs: Total: The accompanying Homeownership spreadsheet contains a partially completed spreadsheet model for computing the monthly costs of home ownership. Complete the spreadsheet model by inserting the formulas for monthly mortgage payment (B12), monthly property tax (B13), monthly homeowner insurance premium (B14), monthly maintenance costs (B15), and total (B16) in the appropriate cells. Clek here for the Excel Date File a, Is this a deterministic or stochastic model? b. Which of the following is NOT an input of the spresdsheet model? Interest rate Monthly mortgage payment Number of years of the loan Annual maintenance cost rate c. What is the monthly total of home ownership using the assumptions stated in the spreodsheer? Note: Round your answer to 2 decimal places. d. Haw much does the monthly total of home ownership increase if the owner decides to got a 15 year mortgoge instead of a 30 -year mortigege? Note: Round your answer to 2 decimal ploces. The accompanying Homeownership spreadsheet contains a partially completed spreadsheet model for computing the monthly costs of home ownership. Complete the spreadsheet model by inserting the formulas for monthly mortgage payment (B12), monthly property tax (B13), monthly homeowner insurance premium (B14), monthly maintenance costs (B15), and total (B16) in the appropriate celis. Click here for the Excel Data File a. Is this a deterministic or stochastic model? b. Which of the following is NOT an input of the spreadsheet model? Interest rate Monthly mortgage payment Number of years of the loan Annual maintenance cost rate c. What is the monthiy total of home ownership using the assumptions stated in the spreadsheet? Note: Round your answer to 2 decimal places. d. How much does the monthiy total of home ownership increase if the owner decides to get a 15 -yenr mortgage instead of a 30 -year mortgoge? Note: Round your answer to 2 decimal places. Monthly Cost of Home Ownership Monthly mortgage payment: Monthly property tax: Monthly homeower insurance premium: Monthly maintenance costs: Total: The accompanying Homeownership spreadsheet contains a partially completed spreadsheet model for computing the monthly costs of home ownership. Complete the spreadsheet model by inserting the formulas for monthly mortgage payment (B12), monthly property tax (B13), monthly homeowner insurance premium (B14), monthly maintenance costs (B15), and total (B16) in the appropriate cells. Clek here for the Excel Date File a, Is this a deterministic or stochastic model? b. Which of the following is NOT an input of the spresdsheet model? Interest rate Monthly mortgage payment Number of years of the loan Annual maintenance cost rate c. What is the monthly total of home ownership using the assumptions stated in the spreodsheer? Note: Round your answer to 2 decimal places. d. Haw much does the monthly total of home ownership increase if the owner decides to got a 15 year mortgoge instead of a 30 -year mortigege? Note: Round your answer to 2 decimal ploces
