A couple has decided to purchase a $170000 house using a down payment of $10000. They can amortize the balance at 10% ov

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 couple has decided to purchase a $170000 house using a down payment of $10000. They can amortize the balance at 10% ov

Post by answerhappygod »

A Couple Has Decided To Purchase A 170000 House Using A Down Payment Of 10000 They Can Amortize The Balance At 10 Ov 1
A Couple Has Decided To Purchase A 170000 House Using A Down Payment Of 10000 They Can Amortize The Balance At 10 Ov 1 (32.49 KiB) Viewed 79 times
A couple has decided to purchase a $170000 house using a down payment of $10000. They can amortize the balance at 10% over 30 years. a) What is their monthly payment? Answer = $ 1414.39 b) What is the total interest paid? Answer = $ 349180.39 c) What is the equity after 5 years? Answer = $ 35708.55 d) What is the equity after 25 years? Answer = $ 106416.04
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”