Question: If you could help me know how to do on excel, please. 5. You are reviewing an advertisement by a finance company offering loans at

If you could help me know how to do on excel, please.

5. You are reviewing an advertisement by a finance company offering loans at an annual percentage rate of 9%. If the interest is compounded weekly, what is the effective interest rate on this loan? 6. You are comparing houses in two towns in New Jersey. You have $100,000 to put as a down payment, and 30-year mortgage rates are at 8% - Chatham South Orange Price of the house $ 400,000 $ 300,000 Annual Property Tax $ 6,000 $ 12,000 The houses are roughly equivalent. a. Estimate the total payments (mortgage and property taxes) you would have on each house. Which one is less expensive? b. Are mortgage payments and property taxes directly comparable? Why or why not? c. If property taxes are expected to grow 3% a year forever, which house is less expensive?

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