Saturday

December 20, 2014

December 20, 2014

Posted by **Anonymous** on Tuesday, August 21, 2012 at 10:41pm.

- Finance -
**Reiny**, Tuesday, August 21, 2012 at 11:48pmlet the payment be x

you are financing 60% of 450000 or 270,000

270,000 = x( 1 - 1.005^-360)/.005

270,000 = x(166.7916144)

x = 1618.79

The fact that "the monthly cost to finance $1000 is $6" is useless information and is actually incorrect.

**Answer this Question**

**Related Questions**

Math - Suppose that you want to purchase a home for $450,000 with a 30 year ...

math - Suppose that you want to purchase a home for $450,000 with a 30 year ...

algebra with application - Suppose that you want to purchase a home for $450,000...

algebra - Suppose that you want to purchase a home for $450,000 with a 30 year ...

Please Help - Suppose that you want to purchase a home for $450,000 with a 30 ...

math - Suppose that you want to purchase a home for $450,000 with a 30 year ...

math - Suppose that you want to purchase a home for $450,000 with a 30 year ...

algebra with application - Suppose that you want to purchase a home for $450,000...

ALGEBRA - Suppose that you want to purchase a home for $450,000 with a 30 year ...

finance mortgage payment - Purchase a home for $160,000. I intend to put down 20...