Mathematics, 04.06.2020 19:08, elijah1090

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(0.075/12,3012,-875)

= 875(1.075) 30:12

=PMT(0.0755/12,30 12,-875)

=FV(0.075/12,3012-875)

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Your friend is currently paying $875 in rent monthly and wants to know how much she could borrow us...