You want to buy a house that costs $620,000. You can put $55,000 down. You get a 30 year fixed-rate loan with an APR of 4.5% compounded monthly. 104. Determine the monthly payment. Show clear work. Work: Work: Answer: Find the total closing costs if they consist of a fee of $1600 and 3 points. Answer: Suppose that you invest $4800 in an account with an APR of 6.9%, compounded continuously. Determine how much you will have after 3 years. Assume that no additional deposits are made.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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4. You want to buy a house that costs $620,000. You can put $55,000 down. You get a 30 year fixed-rate
loan with an APR of 4.5% compounded monthly.
Mor
Determine the monthly payment. Show clear work.
Work:
Work:
Answer:
Find the total closing costs if they consist of a fee of $1600 and 3 points.
Answer:
www Suppose that you invest $4800 in an account with an APR of 6.9%, compounded continuously.
Determine how much you will have after 3 years. Assume that no additional deposits are made.
Transcribed Image Text:4. You want to buy a house that costs $620,000. You can put $55,000 down. You get a 30 year fixed-rate loan with an APR of 4.5% compounded monthly. Mor Determine the monthly payment. Show clear work. Work: Work: Answer: Find the total closing costs if they consist of a fee of $1600 and 3 points. Answer: www Suppose that you invest $4800 in an account with an APR of 6.9%, compounded continuously. Determine how much you will have after 3 years. Assume that no additional deposits are made.
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