Determine the monthly principal and interest payment for a 20 year mortgage when the amount...

70.2K

Verified Solution

Question

Basic Math

image

Determine the monthly principal and interest payment for a 20 year mortgage when the amount financed is 275 000 and the annual percentage rate APR is 4 5 The monthly principal and interest payment is Round to the nearest cent as needed 2 Monthly Principal and Interest Payment per 1000 of Mortgag Rate 4 0 4 5 5 0 5 5 6 0 6 5 7 0 7 5 Click here for table of Monthly Payments 8 0 8 5 9 0 9 5 25 30 Number of Years 10 15 20 10 12451 7 39688 6 05980 10 36384 7 64993 6 32649 5 27837 4 77415 5 55832 5 06685 5 36822 10 60555 7 90794 6 59956 5 84590 10 85263 8 17083 6 87887 6 14087 5 67789 11 10205 8 43857 7 16431 6 44301 5 99551 11 35480 8 71107 7 45573 6 75207 6 32068 7 75299 7 06779 6 65302 8 05593 7 38991 6 99215 8 36440 7 71816 7 33765 8 67823 8 05227 7 68913 8 99726 8 39196 8 04623 8 40854 8 73697 9 32131 11 61085 8 98828 12 13276 11 87018 9 27012 9 55652 9 84740 12 39857 12 66758 10 14267 12 93976 10 44225

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