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(ANNUITY - calculating the PMT - monthly not annual) LOAN EXAMPLE You have decided to purchase a new home. You have $150,000 for a down-payment
- (ANNUITY - calculating the PMT - monthly not annual) LOAN EXAMPLE You have decided to purchase a new home. You have $150,000 for a down-payment and the house cost is $750,000. What will your monthly payment be for a $600,000 mortgage assuming a 4% interest rate and a 30-year fixed mortgage loan? What would the monthly payment be at a 7% interest rate?
- (ANNUITY - calculating the PMT - monthly not annual) LOAN EXAMPLE You have decided to purchase a new home. You have $150,000 for a down-payment and the house cost is $750,000. What will your monthly payment be for a $600,000 mortgage assuming a 4% interest rate and a 30-year fixed mortgage loan? What would the monthly payment be at a 7% interest rate?
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