Posted by **Anonymous** on Monday, May 2, 2011 at 1:03pm.

A homeowner planning a kitchen remodeling can afford a $200 monthly payment. How much can the homeowner borrow for 3 years at 5%, compounded monthly, and still stay within the budget?

## Answer This Question

## Related Questions

- ugh math - A homeowner planning a kitchen remodeling can afford a $200 monthly ...
- math - I keep getting the wrong answer on this. My answers have been $243.18 and...
- Reiny I NEED YOU - Your cousin can afford a monthly house payment of $675 if her...
- Math - If you finance $50,000 of the purchase of your new home at 4.40% ...
- 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 ...
- finance - 3. You decide to borrow $200,000 to build a new house. The bank ...
- finance - 3. You decide to borrow $200,000 to build a new house. The bank ...
- Math - If you can afford a monthly payment of $760 for 27 years and if the ...
- econ - You borrow $20,000 from a bank to be repaid in monthly installments for 3...

More Related Questions