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

## 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 ...
- Math - Richard borrowed 180000 dollars from his bank to help finance the ...
- Finance - Loans problem please help - A company borrows $170000, which will be ...
- Please Help me with a Finance - Loan problem - A company borrows $170000, which ...
- Finance - Five years ago, you bought a house for $151,000. You had a down ...
- Math Finance please help - Five years ago, you bought a house for $151,000. You ...
- Finance - Loans problem - Reiny the answer 307.33 you posted at the bottom is ...

More Related Questions