Tuesday

September 16, 2014

September 16, 2014

Posted by **Jamal** on Wednesday, December 12, 2012 at 12:00am.

- Math -
**Jennifer**, Thursday, December 13, 2012 at 12:05pmA = P *r*((1+r)^n)/((1+r)^n-1)

where

A = payment Amount per period

P = initial Principal (loan amount)

r = interest rate per period

n = total number of payments or periods

n = 30*12 = 360

P = 250000

4 = 0.045

A = 250000*0.045 * (1.045^360)/(1.045^360 - 1)

**Answer this Question**

**Related Questions**

Math - Kandace have been approved for a $250,000, 30 year mortgage with an APR ...

Economics - Suppose that you have a $400,000 commercial mortgage with a 6.3% APR...

math - Determine the regular payment amount, rounded to the nearest dollar. The ...

math - A lender gives you a choice between the following two 30-year mortgages ...

math - Determine the regular payment amount, rounded to the nearest dollar. The ...

math - Determine the regular payment amount, rounded to the nearest dollar. The ...

accounting - 3. On December 1, year 1, Newton Corporation incurs a 15-year $300,...

College Algebra and Finance - Please help! Just need the answer... A lender ...

Math - Denise and David purchased a home in Dallas, Texas. In February 2003 for...

SMU - You have just purchased a new warehouse. To finance the purchase, you've ...