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 is x in this question?

P=3x^2+2x-6 O=2x^2 - 2x + 10 Find P+O and O-P

12 + 2 − 4 = ?(2 +? ) fill in the blank

what is equivalent tox2+ 14x = -13

Which geometric figures are drawn on the diagram? Check all that apply. Line segment C A Ray A C ∠ABC Circle C Ray B E ∠BCE Line segment A E

Pls help With the second one A and B and the triangle

Which will most likely result if the levels of dissolved oxygen decrease in a body of water? A Native plant and fish species will grow and thrive in the area. B

What is the sale price of a rowboat originally priced at $90? If it's marked down 70%

math study page book show work !!!

James works at a shop and earns5.5% commission on his sales. Last month, he earned $265.32 in commission. Calculate his sales for that month.