The price of a home is 120 000 The bank requires a 10 d payment...

50.1K

Verified Solution

Question

Basic Math

image

The price of a home is 120 000 The bank requires a 10 d payment at the time of closing The mortgage on the house is 30 year fixed rate mortgage at 4 Use this information to fin the amount of the monthly payment Round your answer to th nearest cent Use the formula below to solve the problem PMT 810 55 418 97 710 89 P 1 1 x nxt

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