3 years ago

HELP ME IF I FAIL THIS I WONT GET MY SURPRISE.

Mathematics

1 answer:

Ludmilka [50]3 years ago

4 0

5 people running experiment i think but im not exactly sure

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Grace bought a property valued at $200,00.00 and 20% down and a mortgage amortized over 10 years. She makes equal payments due a

BlackZzzverrR [31]

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

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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

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