Top Posters
Since Sunday
7
6
o
5
b
4
s
3
j
3
b
3
m
3
K
3
g
3
L
3
w
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Coolguy80 Coolguy80
wrote...
Go to Answer
Posts: 147
Rep: 1 0
A year ago
The McGowans are arranging a $90,000 mortgage loan from their bank. The interest rate on the loan will be 7.9% compounded semiannually.


a) What will the monthly payments be if the loan has a 20-year term?
b) If the McGowans choose to pay $800 per month, how long will it take to pay off the loan?

Round up the number of payments.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 52 times
1 Reply
Replies
Answer verified by a subject expert
bcyberbcyber
wrote...
#1
Posts: 136
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Coolguy80 Author
wrote...

A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
amandamraz
wrote...

Yesterday
this is exactly what I needed
foxrcng11
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1056 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 361
  
 344
  
 282
Your Opinion
What's your favorite coffee beverage?
Votes: 302
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?