Sobia N. answered • 12/20/20

Financial Industry Professional/Tutor

$122,128.0417

Kibiie L.

asked • 12/17/20Lal made a down payment of 10,000 toward the purchase of his new house. To pay off the rest of the house, lal secured a loan from her bank at 3.2% per year compounded monthly. Lal will have to pay $571.42 months for 30 years (360 months) what was the purchase price of the house?

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Sobia N. answered • 12/20/20

Tutor

New to Wyzant
Financial Industry Professional/Tutor

$122,128.0417

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Sobia N.

The total amount is $132,128.0417 so take out $10,000 as a down-payment12/20/20