A store was purchased for $785,000and the buyer made an 11% down payment. The balance...

80.2K

Verified Solution

Question

Finance

A store was purchased for $785,000and the buyer made an 11% down payment. The balance was financed with a 6.59% loan for 17years. Find the monthly payment. Round your answer to two decimal places, if necessary.

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