maddynichole2017
18.12.2021 •
Business
Question 2 of 24
Which factor has the greatest impact on the price of housing?
O A. Style and color
O B. Supply and demand
O c. Zoning codes
O D. Diminishing utility
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Ответ:
$853.57
Explanation:
Using financial calculator, we have the following inputs:
n = 360 (months) (30x12 = 360months. Because payment is made on monthly basis)
I/Y = 0.46% / month (5.5% /12)
PV = $150,000 (The amount we need to borrrow)
FV = 0 (the value of the mortgage is nil in 30 years)
PMT = ? (This is the missing value we need to find - The monthly payment for the mortgage)
--> PMT = $853.57