
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
النسخة 7الرقم المعياري الدولي: 978-1285448596
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
النسخة 7الرقم المعياري الدولي: 978-1285448596 تمرين 16
Amortization payment
Betty Price purchased a new home for $225,000 with a 20% down payment and the remainder amortized over a 15-year period at 9% interest.
a. What amount did Betty finance?
b. What equal monthly payments are required to amortize this loan over 15 years?
c. What equal monthly payments are required if Betty decides to take a 20-year loan rather than a 15-year loan?
Betty Price purchased a new home for $225,000 with a 20% down payment and the remainder amortized over a 15-year period at 9% interest.
a. What amount did Betty finance?
b. What equal monthly payments are required to amortize this loan over 15 years?
c. What equal monthly payments are required if Betty decides to take a 20-year loan rather than a 15-year loan?
التوضيح
(a) Betty finance
of
Therefore Be...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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