Monthly mortgage payments

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1) You decided to buy a house. The selling price is $360,000; you will pay down $60,000 and obtain a 30 years fixed rate mortgage at 3.75% annual rate. What are your monthly mortgage payments?

2) A firm has net sales of $821,000 and costs of $698,500. The depreciation expense is $28,500 and the interest paid is $6,300. What is the amount of the firm's operating cash flow if the tax rate is 34 percent?

Reference no: EM132646725

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