Question
What is the total payments? Down Payment=27,870 Loan Amount=250,830 Original purchase price=278700 Down payment =27,870 Loan amount=250,830 Annual interest= 0.0353 Loan length 15 years Use
What is the total payments?
Down Payment=27,870
Loan Amount=250,830
Original purchase price=278700
Down payment =27,870
Loan amount=250,830
Annual interest= 0.0353
Loan length 15 years
Use this formula : d=P0(r/k)/(1−(1+r/k)^(−Nk)
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ANSWER AND EXPLANATION Refer to image To calculate the total payments we can use the given ...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
