Answer:
1) $0.05
2) $5.00
Step-by-step explanation:
1)
1.2/24 = 0.05
2)
22.5/4.5 = 5
Answer:
The answers are in the files
Step-by-step explanation:
have a good day!
Answer:
Size of each monthly payment = $161.69 per month
Step-by-step explanation:
Given:
Value of property = $20,000
Downpayment = 20%
Number of payment = 12 x 10 = 120
Interest rate = 4% = 4% / 12 = 0.33 %
Computation:
Loan balance = 20,000 - 20%
Loan balance = $16,000
A] Size of each monthly payment [In Excel]
Size of each monthly payment = PMT(0.33%,120,16000,0)
Size of each monthly payment = $161.69 per month