Make sure you provide your friend with the following:

A. A step-by-step detail showing them how you calculated the answer to their question.

B. Include a visual representation of the problem.

C. Provide a written description in one to three (maximum) sentences explaining why you completed the calculation using the methods you applied.

Friend #3 Home Mortgage Payment I found my dream house in St. Paul but I am not sure I can afford it? I have the $15,000 for the down payment but it is the monthly payments that I am not sure about? What will my monthly payments be?

Selling price: $215,000

Down payment: $15,000

Loan: 30-year $200,000 loan at 6%