You plan to purchase a home mortgage for a home that costs $968851 with a 5% interest rate for 30 years. How much is the monthly payment for the mortgage with the interest? Round your answer to 2 decimal places.
You plan to purchase a home mortgage for a home that costs $968851 with a 5% interest rate for 30 years. How much is the monthly payment for the mortgage with the interest? Round your answer to 2 decimal places.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
Question
You plan to purchase a home mortgage for a home that costs $968851 with a 5% interest rate for 30 years. How much is the monthly payment for the mortgage with the interest?
Round your answer to 2 decimal places.
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