Business, 08.06.2021 18:40 andresduenas72

Kathy plans to move to Maryland and take a job at McCormick as the Assistant Director of HR. She and her husband Stan plan to buy a house in Garrison, MD and their budget is $500,000. They have $100,000 for the down payment and McCormick will pay for closing costs. They are considering either a 30-year mortgage at 4.5 percent annual rate or a 15 year mortgage at 4 percent. Required:
Calculate the monthly payment for each using the PMT function.

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Kathy plans to move to Maryland and take a job at McCormick as the Assistant Director of HR. She and...

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