WILL UPVOTE!! Question 4:

Suppose you are buying your first condo for $225,000, and you will make a $10,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at 4.0% nominal interest rate, with the first payment due in one month. What will your monthly payments be?

You are not required to show calculations. However to receive credit you must provide the inputs used (N, PMT, FV, I/Y, PV) to solve. If you utilize a template, you can copy and paste the section used in the submission.

		$1,074.18
		$1,026.44
		$625.00