State the type and answer the question. What is the monthly payment for a home costing $125,000 with a 20% down payment and the balance financed for 25 years at 10%?

Please round the answer to the nearest cent.

The type is __________ (present value, amortization, annuity); the monthly payment equals $__________.

Question

State the type and answer the question. What is the monthly payment for a home costing $125,000 with a 20% down payment and the balance financed for 25 years at 10%?
​
Please round the answer to the nearest cent.
​
The type is __________ (present value, amortization, annuity); the monthly payment equals $__________.

Quizplus · Accepted Answer

The Answer of State the type and answer the question. What is the monthly payment for a home costing $125,000 with a 20% down payment and the balance financed for 25 years at 10%?
​
Please round the answer to the nearest cent.
​
The type is __________ (present value, amortization, annuity); the monthly payment equals $__________.

State the Type and Answer the Question