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18 July, 09:53

What is the monthly payment to the nearest cent of a 30-year loan of $268,000 with a APR of 6.34%

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  1. 18 July, 13:27
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    Loan amount = 268 000 dollars

    Interest = 6.34% annual percentage interest.

    Loan will be for 30 years

    => 268 000 *.0634 = 18132.4 dollars for annual

    => 18132.4 dollars * 30 years = 543972 dollars

    => 543972 + 268 000 = 811972
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