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You are thinking of purchasing a house. The house costs $250,000. You have $36,000 in cash that you can use as a down pa
Posted: Sun Jun 05, 2022 10:48 am
by answerhappygod
- You Are Thinking Of Purchasing A House The House Costs 250 000 You Have 36 000 In Cash That You Can Use As A Down Pa 1 (20.39 KiB) Viewed 61 times
You are thinking of purchasing a house. The house costs $250,000. You have $36,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 9% per year. What will be your annual payment if you sign this mortgage? The annual payment is $. (Round to the nearest dollar)