3 Answered Questions for the topic Mortgages


he cost of a home is financed with a ​$130,000 40​-year ​fixed-rate mortgage at 5​%.

a. Find the monthly payments and the total interest for the loan     Prepare a loan amortization schedule for the first three months of the mortgage.

Mortgages pb help pleaaase

A home selling for $620,000 is to be purchased with a 30% down payment and the remainder financed through mortgage with monthly payments over 25 years. Determine the monthly payment if rates for... more


Find the selling price of a house when you have payment, term, and rate

Payments are $1,724.36 at the end of each month.  30 year mortgage.  4% annual interest rate, compounded monthly.  What is the beginning loan amount?    Not sure what formula to use here.

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