Paisley affordable monthly mortgage payment

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1. Paisley has an annual income of $54,600 and has additional debt of $350. Her estimated monthly property taxes and homeowners insurance is equal to $390. What is Paisley’s affordable monthly mortgage payment?

2. Your company wants to raise ?$8.0 million by issuing 20?-year ?zero-coupon bonds. If the yield to maturity on the bonds will be 8% ?(annual compounded APR?), what total face value amount of bonds must you? issue?

The total face value amount of bonds that you must issue is ?$

Reference no: EM131873141

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