Mathematics, 28.05.2021 16:20 wapattersons
Jim is taking out a P$135,000 mortgage. His bank offers him an APR of R 3.32%-->0.0332 for T 20 years.
What is Jim’s monthly payment?
M=135,000(0.033212)(1+0.033212)(12* 20)(1+0.033212)(12*20)-1=
What is the total amount of interest he pays on the 20-year loan?
I=(12*M*t)-P=
Answers: 2
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Jim is taking out a P$135,000 mortgage. His bank offers him an APR of R 3.32%-->0.0332 for T 20 y...
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