SaltyDogg SaltyDogg

02-01-2020
Mathematics

contestada

A new housing development offers homes with a mortgage of $222,000 for 25 years at an annual interest of 8%. Find the monthly mortgage payment.

Respuesta :

musiclover10045 musiclover10045

02-01-2020

Using the same formula from your other question:

A = P x (r/12(1+r)^t)/ (1+r/12)^t -1)

A = 222000 x (0.08/12(1+0.08/12)^300 / (1+0.08/12)^300 - 1)

A = $1,713.43 per month

Answer Link

Otras preguntas

What would 300% of $25 be? Please show how.

Who discovered that the Earth took 365 days to move around the Sun?

Theo had a balance of -4 in his savings account. After making a deposit , he has $25 in his account . What is the overall change to his account ?

the value of x-y is negative, and x and y are both positive. what can you conclude about the values of x and y????

Is north america north or south of the equator

Is north america north or south of the equator

What is 1/4 of 1/2 of a pizza?

The record high January temperature in Austin,Texas ,90f .The record low January temperature -2f . Find the difference between the high and low temperatures

Why is it important for cardiac muscle to have many mitochondria?

Solve for x: |2x + 6| − 4 = 20