Post a New Question

Posted by Misty on Monday, October 22, 2012 at 10:52pm.

$175,000 loan with 6% fixed apr over 15 years. How much would the payment be?

assuming monthly payments, M = Pr/(1 - 1/(1+r)^n) = 175000*.005/(1-1/(1.005)^(15*12)) = 1476.75

More Related Questions