Wednesday

April 16, 2014

April 16, 2014

Posted by **cj** on Sunday, January 13, 2008 at 11:09am.

- financial management -
**Ms. Sue**, Sunday, January 13, 2008 at 11:15amWhoa! I think your 80% interest rate is wrong. Please recheck your figures.

- financial management -
**cj**, Sunday, January 13, 2008 at 11:20amsorry it is supposed to be 8.0% fixed interest rate.

- financial management -
**Ms. Sue**, Sunday, January 13, 2008 at 11:31amAhh -- that's better. :-)

First you need to find the amount of the mortgage by multiplying $150,000 by .9.

Your teacher may want you to use a mathematical formula to calculate the monthly payments. But you can check your work by plugging your numbers into this site.

http://www.bankrate.com/brm/mortgage-calculator.asp

- financial management -
**Anonymous**, Wednesday, January 23, 2013 at 12:37am$29678

**Related Questions**

Fiancial Management - You decide to purchase a building for $30,000, you put $5,...

finance - You take out a 30- yr mortgage loan, purchase price is $120,000 put $...

algebra with application - Suppose that you want to purchase a home for $450,000...

Math - 1.--Cody and Carolyn have a 20/7 balloon mortgage for $216,000 with a ...

algebra - Suppose that you want to purchase a home for $450,000 with a 30 year ...

Math - Suppose that you want to purchase a home for $450,000 with a 30 year ...

math - Suppose that you want to purchase a home for $450,000 with a 30 year ...

calculus - the monthly payment that amortizes a loan of A dollars in t yr when ...

real estate finance - I need to find the mortgage loan amount and can't remember...

math - Suppose that you want to purchase a home for $450,000 with a 30 year ...