Posted by **Benjie** on Wednesday, June 18, 2008 at 3:25pm.

WHAT WOULD BE THE MONTHLY PAYMENT ON $100,000 MORTGAGE AT A RATE OF 8 1/2 % for 20 years?

- MATH -
**tchrwill**, Wednesday, June 18, 2008 at 3:52pm
WHAT WOULD BE THE MONTHLY PAYMENT ON $100,000 MORTGAGE AT A RATE OF 8 1/2 % for 20 years?

R = Pi/[1 - (1+i)^-n]

P = $100,000

i = 8.5/100(12) = .007083

n = 20(12) = 240

I'll leave the easy part for you.

- MATH -
**hoa**, Saturday, July 13, 2013 at 1:49pm
i don't know

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