Explaining the button inputs

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Reference no: EM131815515

Please solve by explaining the button inputs on BA II Plus financial calculator.

At the age of 31 Jason takes 20,000 of his savings and makes a down payment on a $250,000 new house. He gets a 6.5% fixed rate, 30 year mortgage from Community Bank of Omaha.

a. What are his monthly payments?

b. The Community Bank of Omaha immediately decides to sell Jason’s loan to Wells Fargo. How much will Wells Fargo pay for Jason’s loan to achieve a yield of 6.25%?

c. In ten years, Jason’s house appreciates at a steady rate of 5% a year. What is the value of his home in ten years?

Reference no: EM131815515

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