***CAN YOU PLEASE EXPLAIN HOW TO SOLVE USING THE HP 10bII+ FINANCIAL CALCULATOR?***

Use the following information for the next 14 questions. Julie wants to buy a lovely house in the Dominion she saw advertised for the bargain price of $750,000. She will make a 20% down payment, and the lender will charge 2 discount points. The interest rate is 6.5%, for this 30-year loan.

1. How much will the lender actually disburse? A) 548,400 B) 588,000 C) 600,000 D) 750,000

2. How much will Julie's principal and interest payment be each month? A) 3,414.36 B) 3,665.99 C) 3,792.41 D) 4,740.51

3. After 1 year, how much will Julie have paid into principal? A) 4,415.71 B) 4,941.72 C) 5,047.62 D) 6,706.37

4. After 1 year, how much will Julie have paid into interest? A) 32,293.18 B) 33,871.57 C) 34,629.83 D) 38,802.55