Saturday
April 18, 2015

Homework Help: Math

Posted by need help :( on Wednesday, October 3, 2012 at 3:43pm.

Denise and David purchased a home in Dallas, Texas. In February 2003 for $250,000. They were able to make a down payment of $80,000, and borrowed the rest through a 15 year mortgage at 4.5% compounded semi-annually.

If they make equal monthly payments, how much is each payment?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Shantle and Kwamie are planning to buy their first home. Although they ...
math - Model this situation w/ a linear system: Melissa borrowed $10, 000 for ...
consumer math grade 12 - jesse buys a 150 000 house and will make a 30 000 down ...
Finance - Say that you purchase a house for $270,000 by getting a mortgage for $...
Accounting - Journalize the following transactions and omit the explanations. A...
Bus Finance - You want to purchase a home. cost $165,000. you have $40,000 ...
math - The price of a home is $215,000. The Bank requires 20% down payment and ...
Economics - Calculate the total dollar amount paid for a house purchased for $...
Math - The Robinsons decide they would rather purchase the $85,000 home. Their ...
Math - Seattle Chocolates for the year ended December 31, 2002: The following ...

Members