Wednesday

October 22, 2014

October 22, 2014

Posted by **Stacey** on Tuesday, March 5, 2013 at 5:06pm.

- Math -
**Henry**, Thursday, March 7, 2013 at 6:53pm% Financed = 100%-10% = 90%.

Po = 0.9 * 185000=$166500=Amt. Financed

P = Po(1+r)^n.

r = (4.5%/12)/100% = 0.00375 = Monthly %

rate expressed as a decimal.

n = 12Comp./yr * 25Yrs = 300 Compounding

periods.

Plug the above values into the given Eq and get:

P = $511,778.13.

I = P-Po

**Answer this Question**

**Related Questions**

math - the price of a home is 120000 the bank requires a 10% down payment and 2 ...

math - The price of a home is $215,000. The Bank requires 20% down payment and ...

math - The price of a home is $120,000. The bank requires a 10% down payment and...

Financing - A. How much might a home buyer expect to pay in closing costs on a $...

MATH - In order to make some home improvements, a home owner spent $24,000. He ...

math - Determine the down payment and the amount to be financed for each home ...

ALGEBRA - Determine the down payment and the amount to be financed for each home...

Math - The Robinsons decide they would rather purchase the $85,000 home. Their ...

math - Determine the down payment and the amount to be financed for each home ...

math - Determine the down payment and the amount to be financed for each home ...