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Home Q & A Board Science-Related Homework Help Mathematics
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Coolguy80 Coolguy80
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10 months 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:
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bcyberbcyber
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10 months ago
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Coolguy80 Author
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10 months ago
Just got PERFECT on my quiz
lolaww
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This site is awesome
Kstan109
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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