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Question 1 0 . 1 p t s You plan to buy a $ 1 1 3 , 2 6 6 house. You have $

Question

1

0.1 p t s

You plan to buy a $

113, 266

house. You have $

33, 385

to use as the down

payment. The bank offers to loan you the remainder at

18 %

nominal interest

compounded monthly. The term of the loan is

20

years. What is your equal

monthly loan payment?

Enter your answer as follow:

1234.56

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