Monday
December 22, 2014

Homework Help: finance

Posted by ananoumous on Sunday, March 14, 2010 at 7:17pm.

3. You decide to borrow $200,000 to build a new house. The bank charges an interest rate of 6% compounded monthly. If you pay the loan back over 30 years, what will your monthly payment be [rounded to the nearest dollar]?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - 3. You decide to borrow $200,000 to build a new house. The bank ...
uno - You decide to borrow $200,000 to build a new house. The bank charges an ...
fianance - 3. You decide to borrow $200,000 to build a new house. The bank ...
Mathematics of Finance - Richard borrowed 170000 dollars from his bank to help ...
Finance - You borrow $150,000 to purchase a new house. The bank offers you a ...
Math - Richard borrowed 180000 dollars from his bank to help finance the ...
finance - You borrow $149,000 to buy a house. The mortgage rate is 7.5 percent ...
math - The Sandersons are planning to refinance their home. The outstanding ...
math - The Sandersons are planning to refinance their home. The outstanding ...
Finite Math - The Sandersons are planning to refinance their home. The ...

Search
Members