keldr6616 keldr6616

16-03-2022
Business

contestada

Island News purchased a piece of property for $2 million. The firm paid a down payment of 20 percent in cash and financed the balance. The loan terms require monthly payments for 25 years at an APR of 5. 5 percent compounded monthly. What is the amount of each mortgage payment

Respuesta :

flannagandeshawn519 flannagandeshawn519

16-03-2022

Explanation:

Value of the property = $1790000 Downpayment = 20% of 1790000 = $358000 => Loan Amount P = $1790000 - $358000

Answer Link

Otras preguntas

Lily Quinn makes $12.50 and hour. She works four hours on Monday, six hours on Tuesday, nine hours on Wednesday, three hours on Thursday, and seven hours on Fri

José __________ (entregar) la tarea.

Which accurately describes a letter written during the time a historical event occurred?

Andy is getting his office painted. Andy gets to choose the paint color, but his boss has to approve it. The probability of Andy choosing red is 32%. The probab

What is 32% of 5 million?

PLEASE HELP ME AND I'LL LOVE YOU FOREVER. At the equivalence point of a titration of the [H+] concentration is equal to: Select one: a. 1 x 10-7 M b. 1 x 107 M

In 1881 President Garfield was assassinated by a man who was angry that Garfield had not given him a government job. Two years later, lingering anger over this

What happened in 1890 concerning civil rights? a. twenty states passed laws making it illegal to discriminate a person because of their race. b. twenty states p

there were 3 apple 1 mixed fruit 2 grape and 4 tropical fruit juice boxes in the cooler at the picnic what is the probability that when jill reaches into the co

The half-life of carbon-14 is 5730 years. If we start with 10 grams of carbon-14, after 5730 years, we will have _____ of carbon-14 left. A. 1 gram B. 2.5 grams

ACCESS MORE