Business Finance Homework Help

The questions is in the Excel file. Total 8 questions.

1. After taking many finance classes and landing a very good job, you made a decision to be a home owner. The question you have is how much you can afford to borrow for a home right away if you can make annual payments of $52,900 per year for 30 years at 3%? What about for a monthly payment of $4,490? Which option would you choose: the annual or the monthly payments? Why? Show your formulas in the orange cells next to the calculation.

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