Aimee Ulstad has decided that since she can now teach virtually, she would like to...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Aimee Ulstad has decided that since she can now teach virtually, she would like to buy a house in Orlando, Florida. Her house will cost $350,000 and she puts a down payment of $70,000 down. The mortgage she has gives her a 2.1% interest rate over 15 years. What will her yearly payments be? $15,743.01 $16,074.49 $21,954.49 $18,876.42 $1,760.86 Aimee Ulstad has decided that since she can now teach virtually, she would like to buy a house in Orlando, Florida. Her house will cost $350,000 and she puts a down payment of $70,000 down. The mortgage she has gave her a 2.1% interest rate over 15 years. What Excel function should she use to determine what her yearly payments will be? =pmt(2.1%,15,280000) =fv(2.1%,15,280000) =pv(2.1%,15,280000) O spmt(2.1%,15,280000) =fv(2.1%,15,,280000)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
