A $245,000 mortgage for 25 years for a new home is obtained at the rate of 9.2% compounded monthly. Find
(a) The monthly payment,
(b) The interest in the first payment,
(c) The principal repaid in the first payment, and (d) The total interest paid.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A $245,000 mortgage for 25 years for a new home is obtained at the rate of 9.2% compounded monthly. Find (a) The monthly payment, (b) The ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The area of a square with sides of 2 feet is 4 square feet. The area of a square with sides of 4 feet is 16 square feet. What equation fits this data?
Answers (1)
Personal best finishing times for a particular race in high school track meets are normally distributed with mean 24.6 seconds and standard deviation. 64 seconds.
Answers (1)
5v-v=16 multi step homework
Answers (1)
2. Kono conducted a survey of people 13 to 19 years of age and found that 23% listed their favorite activity as some sort of sport. There are 5,260 people in this age group in Komo's city.
Answers (1)
Find the slope for 3, 8 and 7, - 7
Answers (1)
New Questions in Mathematics
Determine the standard form of the equation of the line that passes through (-7 8) and (0 - 8)
Answers (1)
Explain the role of the GCF in factoring a polynomial.
Answers (1)
How to know if a problem is permutation or combination?
Answers (1)
The average price of a movie ticket in 1990 was $4.22 since then the price has increased by approximately 3.1% each year write an exponential function to model this situation then find the price of a ticket in 2016
Answers (1)
1/2 of what number is 7 times 3?
Answers (1)