NO.PZ2015120604000015
问题如下:
An investor is looking at a house worth $ 2.5 million. If he want to buy the house, he must pay 25% of the full price now and the left money is financed at 10%,compounded monthly over the next 25 years, Calculate the monthly mortgage payment in this case.
选项:
A.$17,850
B.
$22,607
C.
$17,038
解释:
C is correct.
N = 25 × 12 = 300;
I/Y = 10 / 12;
PV = -2,500,000(1 - 0.25) = -1,875,000 (75% of the full price left);
FV = 0;
CPT PMT = $17038
这个题为什么不需要将利率转化为EAR呢