Mathematics, 10.05.2021 18:20 kcarstensen59070
Your friend is currently paying $875 in rent monthly and wants to know how much she
could borrow using a 30 year mortgage at 7.5% APR and for the same payment as her
current rent. What could you type into Excel to calculate this value?
=PV(0.075/12,30*12,-875)
= 875(1.075) 30:12
=PMT(0.0755/12,30 12,-875)
=FV(0.075/12,30*12-875)
Answers: 3
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Your friend is currently paying $875 in rent monthly and wants to know how much she
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