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texasmade2550 texasmade2550
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8 months ago

With a selling price $140,000, a 20% down payment, and interest at 10 ½% for 25 years, calculate:

  1. Amount of mortgage
  2. Monthly payment

    Note: Round your answer to the nearest cent.

  3. Interest portion of first payment
  4. Principal portion of first payment

    Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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BAGrinderBAGrinder
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8 months ago
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texasmade2550 Author
wrote...

8 months ago
Good timing, thanks!
lolaww
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jblazah
wrote...

2 hours ago
Smart ... Thanks!
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