Question

Given the following the data:

home loan amount 340,000

interest 4.6%

loan term in years : 20 yrs



1)Calculate the monthly payment



2)Calculate the present value given 12 years

3) If the annual increase in home value is 7% yearly, calculate the value of the home at the time of the present value.



thank you





surely you have a loan payment formula. Plug in your numbers.

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