Tuesday

October 21, 2014

October 21, 2014

Posted by **Jamal** on Wednesday, December 12, 2012 at 11:55am.

- Math -
**Steve**, Wednesday, December 12, 2012 at 12:17pmM = P(r/n)/(1-(1+r/n)^-nt)

= 250000*0.045/12 / (1 - (1+.045/12)^(-12*360))

= 937.50

- Math -
**Steve**, Wednesday, December 12, 2012 at 12:21pmoops That's 12*30

M = 1266.71

- Math -
**Jamal**, Wednesday, December 12, 2012 at 12:39pmThank you so very much!

**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 ...