A notoriously haunted house in Tampa has come on the market with a sales price of $150,000. Believing this to be a steal for your family, you think you can buy the home at that price and finance $125,000 for 15 years at a 5% interest rate. What would your monthly payment be? In Excel. Please make sure that everything is answered in Excel and leave nothing blank when using TVM tools. Thank You!!!!
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A notoriously haunted house in Tampa has come on the market with a sales price of $150,000. Believing this to be a steal for your family, you think you can buy the home at that price and finance $125,000 for 15 years at a 5% interest rate. What would your monthly payment be? In Excel. Please make sure that everything is answered in Excel and leave nothing blank when using TVM tools. Thank You!!!!
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- A notoriously haunted house in Tampa has come on the market with a sales price of $150,000. Believing this to be a steal for your family, you think you can buy the home at that price and finance $125,000 for 15 years at a 5% interest rate. What would your monthly payment be? In Excel. Please make sure that everything is answered in Excel and leave nothing blank when using TVM tools. Thank You!!!! Please make sure all arguments are filled out. I noticed you used the other answe that I found on here before. But, I am suppose to have all the arguments filled out even if it is a zero or 1. ThanksA notoriously haunted house in Tampa has come on the market with a sales price of $150,000. Believing this to be a steal for your family, you think you can buy the home at that price and finance $125,000 for 15 years at a 5% interest rate. What would your monthly payment be? In Excel.You are interested in buying a brand-new jalopy and expect the purchase price to be $19,000. The car dealership can offer financing at a 6% interest rate over 6 years. If you put 1,000 down towards the purchase and accept the financing terms, what will your monthly payment for the loan be? In Excel, I need to know all the steps in Excel for the answer. Everything thing needs to be filled in, so I have all parts answered for this question. Thank You! Please do not use another example in Excel because that is not the way i am supposed to solve it all arguments in EXCEL need to be entered when using PMT in Excel I have the answer I need to show how I came up with that answer using all the arguments in one box not broken down to 2 different steps. Thanks, and here is the answer.298.31 The following are the values given to calculate the monthly payment. The purchase price of the jalopy is $19,000 and down payment is $1,000. Hence, the present value of jalopy is $18,000 ($19,000 - $1,000).…
- You are interested in buying a brand-new jalopy and expect the purchase price to be $19,000. The car dealership can offer financing at a 6% interest rate over 6 years. If you put 1,000 down towards the purchase and accept the financing terms, what will your monthly payment for the loan be? In Excel, I need to know all the steps in Excel for the answer. Everything thing needs to be filled in, so I have all parts answered for this question. Thank You! Please do not use another example in Excel because that is not the way i am supposed to solve it all arguments in EXCEL need to be entered when using PMT in Excel I have the answer I need to show how I came up with that answer using all the arguments in one box not broken down to 2 different steps. Thanks, and here is the answer.298.31 The following are the values given to calculate the monthly payment. The purchase price of the jalopy is $19,000 and down payment is $1,000. Hence, the present value of jalopy is $18,000 ($19,000 - $1,000).…You are interested in buying a brand new jalopy and expect the purchase price to be $19,000. The car dealership can offer financing at a 6% interest rate over 6 years. If you put 1,000 down towards the purchase and accept the financing terms, what will your monthly payment for the loan be? In Excel, I need to know all the steps in Excel for the answer. Everything thing needs to be filled in so I have all parts answered for this question. Thank You!Please do not use another example in Excel because that is not the way i am suppose to solve it all arguments in EXCEL need to be entered when using PMT in Excel I have the answer I need to show how I came up with that answer using all the arguments in one box not broken down to 2 diffrent steps. Thanks and here is the answer.298.31You need to buy a new laundry center with a price of $ 22,000 because the one you had no longer works and has no repair, at the moment you do not have the cash available to buy it, so you went to a department store to buy it on credit, The store offers you to pay for the laundry center in 24 months with an annual rate of 17%. What is the amount you will have to pay monthly? Note: Step by step to get to the result, do not skip anything.Note2: If it can be done in excel it is better
- Please solve using Excel and show formulas. You have decided to buy a car with price tag of $60,000 but you are able to negotiate the price down to $58,000. You have $5,000 saved, so you need to borrow $53,000 in a 5-year loan from your bank (your bank offers lower rates than the auto-dealer) at a 4.5% APR (annual rate). How much will you owe to the bank after 3 years?Johnson Hardware wants to construct a new building at a second location. If construction could begin immediately, the cost would be $500,000. At this time, however, the owners do not have the required 20% down payment, so they plan to invest $2000 per month of their profits until they have the necessary amount. They can invest their money in an annuity account that pays 6% compounded monthly, but they are concerned about the 3% average inflation rate on construction costs. They would like you to give them some projections about how 3% inflation will affect the time required to save up for the down payment and the building's cost. They would also like to know how their projected profits, after the new building is complete, will affect their schedule for paying off the construction loan. Specifically the Johnson's would like you to prepare a report that answers the following questions. If the 3% inflation rate is accurate, how long will it take take to get the down payment? (Hint:…You are interested in buying a brand new jalopy and expect the purchase price to be $19,000. The car dealership can offer financing at a 6% interest rate over 6 years. If you put 1,000 down towards the purchase and accept the financing terms, what will your monthly payment for the loan be? In Excel, I need to know all the steps in Excel for the answer. Everything thing needs to be filled in so I have all parts answered for this question. Thank You!
- Suppose you decide to wait 5 years to save up before buying the house. You are able to put a down payment of $30,000 on the house, so that you only need to borrow $170,000 from the bank. Assume the interest rate is still the same, but you are now in a better financial position, and you can pay off the loan in 240 equal monthly payments. Answer the following questions about this loan. After making 240 monthly payments, how much of what you paid the bank was interest? $ . ROUND TO THE NEAREST CENT. THANKS APPRECIATE THE HELP!!!You are shopping for a car and read the following advertisement in the newspaper: "Own a new Spitfire! No money down. Four annual payments of just $12,000." You have shopped around and know that you can buy a Spitfire for cash for $38,400. What is the interest rate the dealer is advertising (what is the rate that equates the PV of the payments to today's cash price of the car)? Assume that you must make the annual payments at the end of each year.You have decided to buy a car with price tag of $30,000 but you are able to negotiate the price down to $28,000. You have $1,000 saved, so you need to borrow $27,000 in a 5-year loan from your bank (your bank offers lower rates than the auto-dealer) at a 3% APR (annual rate). How much will you owe to the bank after 2 years?