Question: Use excel functions in answer if possible 3 3 You plan on purchasing a home for $258,000. You'll make monthly payments beginning one month from

Use excel functions in answer if possible 3 3 You plan

Use excel functions in answer if possible

3 3 You plan on purchasing a home for $258,000. You'll make monthly payments beginning one month from the purchase date. The banks charges 3.6% APR. If you make a 20% down payment, and finance the house for 30 years, what will your payment be? 258,000 20% 30 15 12 3.6% $ Financed Payment: 4 How much would your monthly payment be if you financed the house for 15, rather than 30 years? Payment

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