Tuesday
September 23, 2014

Homework Help: precal

Posted by Anonymous on Saturday, September 11, 2010 at 4:50pm.

Rebecca and Tom Payton have decided to buy a home that costs $200,000. The Paytons can put down 20% of the home's price. They have applied for a 15-year, 9% FRM to finance the balance. They Paytons have a combined gross annual income of $70,000.

A.)$ 200,000
B.)$ 174,400
C.)$ 292,108

I've asked this before, but the answer someone else got wasn't one of the options.

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