Intro You take out a 30-year fixed-rate mortgage for $800,000 with an interest rate of...
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Intro You take out a 30-year fixed-rate mortgage for $800,000 with an interest rate of 9.6% (APR). Attempt 1/10 for 10 pts. B Part 1 What is the monthly payment? No decimals Intro You're thinking of buying a small business that will generate a profit of $4,000 next year. Profits are expected to grow by 4% every year forever. The interest rate is 8%. Attempt 1/10 for 10 pts. Part 1 What is the present value of these profits? Intro You want to buy a house financed with a 30-year fixed-rate mortgage. The best monthly interest rate you could find is 0.3 % Attempt 1/10 for 10 pts. B Part 1 What is the most you can borrow if you can only afford to pay $1,800 per month
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