Question: Use excel functions in answer if possible 4 You want to borrow $225,000 for a house in the form of a 30-year mortgage. If the

Use excel functions in answer if possible 4 You want to

Use excel functions in answer if possible

4 You want to borrow $225,000 for a house in the form of a 30-year mortgage. If the bank offers a rate of 3.6% with monthly payments, what will be the amount of theose monthly payments? 3.6% 30 12 $225,000 # Periods: Periodic rate: hint chapter 4, but using compounding periods

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