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QUESTION 2 Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months 1%: P.V: $ PMT: $ F.V: 0 P/Y: 12 CY: 12

QUESTION 2 Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months 1%: P.V: $ PMT: $ F.V: 0 P/Y: 12 CY: 12

Essentials Of Investments
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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whats the answer for number 2
+ Take Test: Assignment 4.3b: I Content Forsyth Tech - Community Co i blackboard.forsythtech.edu webapps/assessment/take/launch.jsp?course_assessment_id=_141720_1&course_id=_27310_1& M gmail New Tab I Apps O http://www.youtu. * Question Completion Status: QUESTION 2 Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months 1%: P.V: $ PMT: $ F.V: 0 P/Y: 12 CN: 12 QUESTION 3 There are two common choices for the term of a home mortgage: 15 years or 30 years. Suppose you need to borrow S90,000 at an APR of 6.759 home. What is your monthly payment be if you opt for a 30-year mortgage? (Round your answer to 2 decimal places.) Monthly Payment: $(answer). QUESTION 4 Click Save and Submit to save and submit. Click Save All Answers to save all ansuxers. esc F3 F4 F7 F8 @ 23 24 & * 4 7 8 # 5
Transcribed Image Text:+ Take Test: Assignment 4.3b: I Content Forsyth Tech - Community Co i blackboard.forsythtech.edu webapps/assessment/take/launch.jsp?course_assessment_id=_141720_1&course_id=_27310_1& M gmail New Tab I Apps O http://www.youtu. * Question Completion Status: QUESTION 2 Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months 1%: P.V: $ PMT: $ F.V: 0 P/Y: 12 CN: 12 QUESTION 3 There are two common choices for the term of a home mortgage: 15 years or 30 years. Suppose you need to borrow S90,000 at an APR of 6.759 home. What is your monthly payment be if you opt for a 30-year mortgage? (Round your answer to 2 decimal places.) Monthly Payment: $(answer). QUESTION 4 Click Save and Submit to save and submit. Click Save All Answers to save all ansuxers. esc F3 F4 F7 F8 @ 23 24 & * 4 7 8 # 5
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