Lesson (Ec A Presentation Session Student Mortgages (Day Two) goformative.com/formatives/61f2efb1cf1f1la8dd7366de classroom A My Drive M Mail E Google Docs a Indepenent Reading Clever English 12 Q Each of Us Is More. E Perfect Paper Instr. 5 PowerSchool 4 Required You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify for is $879.32. Use the table provided to determine the price of a home that can be purchased. Monthly Payments per $1000 of Mortgage Interest 10 Years 20 Years 30 Years 40 Years Rate (%) 5.0 10.61 10.86 11.11 6.60 5.37 4.83 S.5 6.88 7.17 5.68 5.16 6.0 6.00 5.51 6.5 11.36 7.46 Show Your Work $156,753 O $154,810 O $154,267 $157,153 uS YO DELL ce @ $ 3 4. %3D e r y u i
Lesson (Ec A Presentation Session Student Mortgages (Day Two) goformative.com/formatives/61f2efb1cf1f1la8dd7366de classroom A My Drive M Mail E Google Docs a Indepenent Reading Clever English 12 Q Each of Us Is More. E Perfect Paper Instr. 5 PowerSchool 4 Required You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify for is $879.32. Use the table provided to determine the price of a home that can be purchased. Monthly Payments per $1000 of Mortgage Interest 10 Years 20 Years 30 Years 40 Years Rate (%) 5.0 10.61 10.86 11.11 6.60 5.37 4.83 S.5 6.88 7.17 5.68 5.16 6.0 6.00 5.51 6.5 11.36 7.46 Show Your Work $156,753 O $154,810 O $154,267 $157,153 uS YO DELL ce @ $ 3 4. %3D e r y u i
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
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:- Lesson (Ec x
A Presentation Session Student
O Mortgages (Day Two)
A goformative.com/formatives/61f2efb1cf1f11a8dd7366de
A classroom
4 My Drive
M Mail
E Google Docs
Clever
English 12
E Indepenent Reading Q Each of Us Is More
E Perfect Paper Instr.
Sis PowerSchool
4
Required
5
You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify
for is $879.32. Use the table provided to determine the price of a home that can be purchased.
Monthly Payments per $1000 of Mortgage
Interest
Rate (%)
10 Years
20 Years
30 Years
40 Years
5.0
10.61
6.60
5.37
4.83
S.S
10.86
6.88
5.68
5.16
6.0
11.11
7.17
6.00
5.51
6.5
11.36
7.46
6.33
5.86
Show Your Work
$156,753
$154,810
$154,267
O $157,153
US YO1
DELL
@
2$
&
6
7
8.
e
y
u
S
h
k
%#3
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