Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a bank is offering a 30-year mortgage with an apr

a bank is offering a 30-year mortgage with an APR of 6.20% based on monthly...

80.2K

Verified Solution

Question

Finance

a bank is offering a 30-year mortgage with an APR of 6.20% based on monthly compounding. if you plan to borrow 170,000$ , what will be your monthly payment ?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Civil Engineering
1.2K views

Calculate the flow depth in a rectangular riveted steel open channel with a width of 6.1...

Physics
1.2K views

6 How much mechanical work is done on a brick wall if a man pushing...

Geometry
1.2K views

Condense each expression to a single logarithm 3 log 2 2 log 5 2 log...

Basic Math
1.2K views

The graph of a polynomial function is given What is the smallest degree that the...

Basic Math
1.2K views

According to the Pew Research Center, the proportion of the American population who useonly a...

Calculus
1.2K views

Evaluate the following expressions a In e b eln7 c en 4

Accounting
1.2K views

As per other academic scholars and authors, what are the 4 limitations that they found...

Accounting
1.2K views

On January 1,2026, Crane Corp, had 487,000 shares of common stock outstanding. During 2026, it...

Accounting
1.2K views

Twin Pines Internet Caf (TPIC) was established and incorporated on January 1, 2020, by Marie...

Finance
1.2K views

QUESTION 12 Assume: Fiscal year end: Mar-31-2021 Valuation date: Jun-30-2021 MID-period convention...

Finance
1.2K views

ycenydye.com Sdn ijevident deploymentid 59331424/111414/923243/1bb/&eSBN 9781337911009&d=671015013 snapsho TAP CADM. portfolio risk and return Video Deline...

Finance
1.2K views

Define price earnings ratio. What does it tell us and how is it used? in...