Please help ASAP! If you could as well explain your answer or show how you found the answer that would be great!!! Find the mont

Question

4 years ago

11

Please help ASAP! If you could as well explain your answer or show how you found the answer that would be great!!! Find the mont

hly payment needed to amortize principal and interest for the fixed-rate mortgage. Use either the regular monthly payment formula or the given table.Loan Amount $43,500 Interest Rate 2.4% Term 5 years

Mathematics

1 answer:

AleksandrR [38] · Answer 1 · 2021-12-14T18:13:26+03:00

AleksandrR [38]4 years ago

5 0

43500*2.4%=1044*5220 for all five years in monthly payments you do 5220/60= 87$ a month