21 6 points You want to purchase a new condominium that costs $325,000. Your plan is...
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21 6 points You want to purchase a new condominium that costs $325,000. Your plan is to pay 20 percent down in cash and finance the balance over 15 years at 4.1 percent. (A) What is the present value of the investment: $ type your answer... (B) How many payment will there be? (i.e. N or t): type your answer... (C) What is the interest rate per payment? (i.e. r or I/Y): type your answer... [Answer in decimal form 0.000, answer to the fourth decimal] 21 6 points You want to purchase a new condominium that costs $325,000. Your plan is to pay 20 percent down in cash and finance the balance over 15 years at 4.1 percent. (A) What is the present value of the investment: $ type your answer... (B) How many payment will there be? (i.e. N or t): type your answer... (C) What is the interest rate per payment? (i.e. r or I/Y): type your answer... [Answer in decimal form 0.000, answer to the fourth decimal]
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