1. You purchase a new home for $375,000. You make a 20% down payment and finance...

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1. You purchase a new home for $375,000. You make a 20% down payment and finance the remainder for 30 years with a fixed interest rate loan. You are considering the following payment plans: A) You make monthly payments of $2,000 for 30 years. Use MatLab to graph the function and find the nominal annual interest rate of the loan (hint: find r), to a value of ɛs corresponding to 5 significant figures up to a maximum of 100 iterations using each root finding method: Bisection, False Position, Newton-Raphson, & Secant. 1. You purchase a new home for $375,000. You make a 20% down payment and finance the remainder for 30 years with a fixed interest rate loan. You are considering the following payment plans: A) You make monthly payments of $2,000 for 30 years. Use MatLab to graph the function and find the nominal annual interest rate of the loan (hint: find r), to a value of ɛs corresponding to 5 significant figures up to a maximum of 100 iterations using each root finding method: Bisection, False Position, Newton-Raphson, & Secant.

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