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3 years ago

5

Kendall is buying a home for $119,000. She is making a 12% down payment and financing the rest with a 20-year loan at a 4.5% int

erest. What is her monthly mortgage payment?

1 answer:

vichka [17]3 years ago

6 0

Answer:

$455.97

Step-by-step explanation:

119000 × 0.12 = 14280

119000 - 14280 = 104720

104720 × 1.045 = 109432.4

109432.4/(20×12)

109432.4/240

455.97 a month

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