Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. what is the monthly payment on a 30 year amortized

What is the monthly payment on a 30 year amortized loan with a fixed interest...

70.2K

Verified Solution

Question

Basic Math

image

What is the monthly payment on a 30 year amortized loan with a fixed interest rate of 5 per year compounded monthly with a purchase price of 375 000 00 and a down payment of 15 Round your answer to the nearest cent

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

Finance
1.2K views

1- Abner? Corporation's bonds mature in 19 years and pay 8 percent interest annually. If you...

General Management
1.2K views

Honey is a large marketing consultancy that provides a range of services including developing marketing campaigns, designing...

Basic Math
1.2K views

The probability of winning a two-spot Keno game is 0.0601. What is the probability of...

Statistics
1.2K views

The mean height for females is 64 inches with a standard deviation of 2 inches...

Statistics
1.2K views

In an AOL survey of Internet users this question was posted online Have you ever...

Algebra
1.2K views

1 tan x in x cos x sec x csc x sec x or sec...

Accounting
1.2K views

0.67/1 Question 5 of 10 Show...

Accounting
1.2K views

EX 6-5 purchase-related transaction OBJ 2 The debits and credits from four related transactions are...

Accounting
1.2K views

Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Riverside sells...

Accounting
1.2K views

Need help with Chapter 10 accounting cycle project 14e. Lenny's Lawn Service, Inc....

Accounting
1.2K views

QUESTION 44 Which item has a negative effect on assets? a. Depreciation...

Accounting
1.2K views

IFRSs are now permitted or required by over 140 countries. Except for countries that adopt...