Posted by k on Thursday, March 21, 2013 at 1:26pm.
Oprah Winfrey ha closed on a 42 acre estate near Santa Barbara California for $50,000,000 If Oprah puts down 20% down and finances at 7% for 30 years what would be her monthly pay payment.

business math  MathMat, Thursday, March 21, 2013 at 1:54pm
So first 50000000 times .8 which is the opposite of 20% which gives you your first answer of 40 million left over. The equation for the interest after this is 40000000(0.7^30)

business math  Steve, Thursday, March 21, 2013 at 3:15pm
M = Pr/(1(1+r)^n)
= 40,000,000*(.07/12)/(1(1+.07/12)^(12*30))
= 266121
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