Ask Question
22 October, 17:37

Suppose you decide to buy a house for $250,000. Based on your credit score and your budget constraint the bank will give you a home loan that has an annual interest of 3.2% compounded monthly on a 30 year loan what will be your monthly loan payment

+4
Answers (1)
  1. 22 October, 20:58
    0
    250000=X[ (1 - (1+0.032/12) ^ (-12*30)) / (0.032/12) ]

    Solve for x

    X=1081.17
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose you decide to buy a house for $250,000. Based on your credit score and your budget constraint the bank will give you a home loan ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers