Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A $110,000 home bought with a 20% down payment and the balance financed for 30 years at 7.5%
The borrowed money=11000x(1-20%)=8800 dollars
So for 30 years the total interest=8800x7.5%x30=19800 dollars
So total payment=19800+8800=28600 dollars
Therefore monthly payment=28600/30/12=79.44 dollars
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?