Mathematics, 25.07.2019 21:00 AM28
Marissa is purchasing a home for $169,000. her loan has been approved for a 30 year fixed-rate loan at 5 percent annual interest. marissa will pay 20 percent of the purchase price as a down payment. what will her monthly payment be?
Answers: 1
![Pmt = \frac{PV*R}{[1-(1+R)^{-N} ]} \\\\Pmt = \frac{135,200*0.004167}{[1-(1+0.004167)^{-360} ]} \\\\Pmt = \$725.78](/tpl/images/0132/4380/572e6.png)
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Marissa is purchasing a home for $169,000. her loan has been approved for a 30 year fixed-rate loan...
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