You want to buy a home that cost 340,000 dollars, using a 30 year mortgage....
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You want to buy a home that cost 340,000 dollars, using a 30 year mortgage. If interest rates on the loan are 2.3% and interest is compounded monthly, what will be your monthly payment? (Please use at least 5 decimal places and do not use \$ symbol in the answer) QUESTION 2 What is the present value of an investment that pays out 38 dollars per quarter for the next 6 years, if the appropriate discount rate is 6% ? (compound quarterly) (Please use at least 5 decimal places and do not use $ symbol in the answer) QUESTION 3 If you save 7 hundred dollars per month in a bank account that earns a 5% interest rate (compounded monthly) for 30 years, how much will be in your account in 30 years time? (Please use at least 5 decimal places and do not use $ symbol in the answer)
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You want to buy a home that cost 340,000 dollars, using a 30 year mortgage. If interest rates on the loan are 2.3% and interest is compounded monthly, what will be your monthly payment? (Please use at least 5 decimal places and do not use \$ symbol in the answer) QUESTION 2 What is the present value of an investment that pays out 38 dollars per quarter for the next 6 years, if the appropriate discount rate is 6% ? (compound quarterly) (Please use at least 5 decimal places and do not use $ symbol in the answer) QUESTION 3 If you save 7 hundred dollars per month in a bank account that earns a 5% interest rate (compounded monthly) for 30 years, how much will be in your account in 30 years time? (Please use at least 5 decimal places and do not use $ symbol in the answer) 