9. 10. You feel you can afford a monthly payment of $900 on a home. The...
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9. 10. You feel you can afford a monthly payment of $900 on a home. The stated APR is currently 4.25%. If you can get a 30 year mortgage, what would be the value of your home loan (approximately)? $210,176 $161,919 $177,625 $182,949** $166,132 b) From what we discussed in class, which of the following investments pays simple interest? Corporate bonds** Annuities Preferred stock Common stock Nothing pays simple interest anymore. a) b) 9. 10. You feel you can afford a monthly payment of $900 on a home. The stated APR is currently 4.25%. If you can get a 30 year mortgage, what would be the value of your home loan (approximately)? $210,176 $161,919 $177,625 $182,949** $166,132 b) From what we discussed in class, which of the following investments pays simple interest? Corporate bonds** Annuities Preferred stock Common stock Nothing pays simple interest anymore. a) b)
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Problem 9 Home Loan Amount Solution To calculate the approximate value of your home loan we can use ... View the full answer
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
Posted Date:
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