Kibiie L.

asked • 12/17/20

Lal made a down payment of 10,000 toward the purchase of his new house.

Lal 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?

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.