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3 years ago

11

You can afford a $1150 per month mortgage payment. You've found a 30 year loan at 8: interest compounded monthly. a) How big of

a loan can you afford?

1 answer:

jarptica [38.1K]3 years ago

3 0

Answer:

PV= Max Loan amount = PMT*B(i,T) and PMT = 1200. Calculate B(i,T) = B(6%/12, 360)

=(12/.06)(1-(1/(1.005))360) I will let you complete the calculation

Step-by-step explanation:

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8_murik_8 [283]

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3 years ago

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GuDViN [60]

Answer:

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Step-by-step explanation:

Assuming the given logarithmic equation is

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We interchange x and y to get:

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We solve for y now:

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4 years ago

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jeyben [28]

Answer:

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Step-by-step explanation:

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2 years ago

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Semenov [28]

Answer:

2\10

Step-by-step explanation:

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Step-by-step explanation:

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3 years ago

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