A home buyer buys a house for $1,490,000. She pays​ 20% cash, and takes a​ fixed-rate mortgage for ten years at 6.2​% AP

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A home buyer buys a house for $1,490,000. She pays​ 20% cash, and takes a​ fixed-rate mortgage for ten years at 6.2​% AP

Post by answerhappygod »

A home buyer buys a house for $1,490,000. She pays​ 20% cash,and takes a​ fixed-rate mortgage for ten years at 6.2​% APR. If shemakes​ semi-monthly payments, which of the following is closest toeach of her​ payment?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”