Friday

January 30, 2015

January 30, 2015

Posted by **justien** on Tuesday, January 29, 2013 at 8:48am.

- math -
**Henry**, Thursday, January 31, 2013 at 7:25pm%Financed = 100% - 20% = 80%.

Po = 0,80 * 250000 = $200,000 = Amt.

financed.

P = (Po*r*t)/(1-(1+r)^-t).

r = (6.5%/12)/100% = 0.005417 = Monthly % rate expressed as ma decimal.

t = 20 Months.

Plug the above values into the given Eq and solve for P.

Answer: P = $211,570.27.

Monthly = P/t.

**Answer this Question**

**Related Questions**

Annuity - Ahmad bought a set of sofa and paid RM200 as a down payment. The ...

Math - A man bought a house for 76,000. he made a down payment of 26,000 and ...

Math Finance please help - Five years ago, you bought a house for $151,000. You ...

FIN - After 12 months of making extra payments, what will be the loan balance? ...

Math - The Chavara family buys a house for $225,000. They pay $50,000 down and ...

MATH - Five years ago, you bought a house for $151,000, with a down payment of $...

Finance - Five years ago, you bought a house for $151,000. You had a down ...

MATH - Five years ago, you bought a house for $151,000, with a down payment of $...

Math 104 - Five years ago, you bought a house for $171,000. You had a down ...

math - Rochelle purchased an appliance that cost $815.56 with interest included...