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April 17, 2014

April 17, 2014

Posted by **Becky** on Wednesday, June 5, 2013 at 10:34pm.

- Algebra -
**Reiny**, Wednesday, June 5, 2013 at 10:52pmremaining mortgage = 13000(.8) = 104000

monthly rate = i = .075/12 = .00625

let the monthly payment be P

P( 1 - 1.00625^-360)/.00625 = 104000

you do the button pushing ($727.18)

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