Please don't use excel. If you are using a financial calculator with "PMT" buttons please...
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Accounting
Please don't use excel. If you are using a financial calculator with "PMT" buttons please let me know what button you pushed for each value. Please show all your work and answer each part of the question, I am trying to actually learn how to do this on my own so i need to see how you got the answer. Any correct answer that follows these guidelines will get a thumbs up.
Part 1. Suppose a family borrows $75,000 on a home for 30 years with the loan at 8% compounded monthly.
Find the monthly payment rounded to the enter below
a) dime_________ b) dollar________
Part 2. Find the finance charge of the loan above using the payment rounded to the dollar.
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