1. You want to buy a house, and a local bank will lend you $100,000. The loan will be fully amortized over 20 years, and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly loan payment?
2. How do you calculate discounted cash flows and discounted dividends using a calculator tii BA11 PLUS and excel for 5 years with constant growth?
3. Find the Future Value in 24 years of $8443 to be invested today if you can earn a rate of return of 7.32%. (round to the nearest cent).