Anand purchased a 30 year mortgage at 6.00% convertible monthly. The amount of the loan is for $200,000. Anand plans to make the required monthly payments. The first month that his outstanding balance is $100,000 or less, he plans to purchase a larger home. How many monthly payments will Anand need to make?

252

Explanation:

In this question we use the PMT and the NPER formula which is to be shown in the attachment below:

Given that,  

Present value = $200,000

Future value or Face value = $0

RATE = 6% ÷ 12 = 0.5%

NPER = 30 years × 12 months = 360 months  

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after solving this, the pmt is $1,199.10

Now NPER is

Given that,  

Present value = $200,000

Future value or Face value = $100,000

RATE = 6% ÷ 12 = 0.5%

PMT = $1,199.10

The formula is shown below:  

= NPER(RATE;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the pmt is 251.82

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.