You and your spouse want to buy a house. You feel that you can make monthly...

Question

Question

business finance

Answer 1

Answer #1

rate positively ..


we have to use financial calculator to solve this
put in calculator

FV		0
PMT		-2400
I	3.85%/12	0.32083%
N	20*12	240

compute PV	$401,266.95

ans =		$401,267

Answer 2

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