1. Trident wants to buy a new home for $200,000. The bank has offered him a 15-year loan with a 5.7% APR (compounded monthly). Calculate his monthly payment. (Enter a positive value and round to two decimals)
2. At the end of a project predetermined life what additional cash flows might be considered?
3. All else equal, an decrease in the number of periods ___________ the present value.
a. cannot be determined
b. results in no change
c. increases
d. decreases