Question: Assignment Answer the following questions using Excel's RATE, NPER, PMT, PV and FV functions. 5. Jim Jones bought a house for monthly mortgage payments of

Assignment Answer the following questions using Excel's RATE, NPER, PMT, PV and FV functions. 5. Jim Jones bought a house for monthly mortgage payments of $600.00 for twenty years. If interest is 4% compounded semi-annually, what is the cash price of the house? 6. What payment is required at the end of each month for five years to repay a loan of $8000.00 at 8% compounded quarterly

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