Wednesday
March 29, 2017

Post a New Question

Posted by on .

CORRECTION TO AMOUNT WITH PRIOR QUESTION:subject is purchasing a home for $45,000.00 with $5,000.00 down payment @ 11% interest. Will this be covered in 10 years and how much payment per month?

  • FINANCE - ,

    PV = 40000
    i = .11/12 = .009166667
    n = 120
    payment = x

    solve for x

    x( 1 - 1.009166667^-120)/.009166667 = 40000

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question