Question: *****PLEASE EXPLAIN HOW TO SOLVE USING THE FINANCIAL CALCULATOR**** Use the following information for the next 14 questions. Julie wants to buy a lovely house

*****PLEASE EXPLAIN HOW TO SOLVE USING THE 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 $1,000,000. She will make a 20% down payment, and the lender will charge 3 discount points. The interest rate is 4.5%, for this 30-year loan. How much will the lender actually disburse?

QUESTION 2

  1. How much will Julie's principal and interest payment be each month?

    3,414.36

    3,665.99

    4,053.48

    4,740.51

1 points

QUESTION 3

  1. After 1 year, how much will Julie have paid into principal?

    4,415.71

    4,941.72

    5,047.62

    12,905.79

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