Saturday
March 28, 2015

Homework Help: math

Posted by yassamin on Thursday, March 14, 2013 at 4:26pm.

A person purchased a $250000 home 5 years ago. he paid 20% down and signed a 30-year mortgage at 6% compounded monthly. what is the unpaid balance of the loan (now that 5 years are gone). i need answer with explanation

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

MATH (REFINANCE MORTGAGE) - A person purchased a 225463 home 10 years ago by ...
Math Refinancing Question - A person purchased a $205,107 home 10 years ago by ...
REFINANCE MATH PROBLEM - I screwed up the first post with this question so re ...
math - A person purchased a $204,815 home 10 years ago by paying 10% down and ...
Amoritizing Loans - "A woman borrows $6000 at 9% compounded monthly, which is to...
infinite math - Hey guys! really need help with this one!!! On December 31, 1995...
Math Help Please!!! - A couple purchased a house and signed a mortgage contract ...
math - Question: The price of a home is $180,000. The bank requires a 10% down ...
algebra - my scenario, to start a small business you will need a loan of $50.000...
math - You have just graduated from college and landed your first big job. You ...

Members