You want to buy a $200000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. A. How much is

Question

3 years ago

15

You want to buy a $200000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. A. How much is

the loan amount going to be?
B. What will your monthly payments be if the interest rate 5%?

C. What will your monthly payments be if the interest rate is 6%?

Mathematics

1 answer:

anygoal [31] · Answer 1 · 2022-03-26T15:30:21+03:00

anygoal [31]3 years ago

6 0

Answer:

A = 20,000

Step-by-step explanation:

200,000 ÷ 10 = 20,000