Finacialalgebra Finacialalgebra

16-05-2016
Mathematics

Answered

what is the monthly payment to the nearest cent of a 30-year loan of $268,000 with a APR of 6.34%

Verified Answer :

22-05-2016

loan amount = 268 000 dollars
Interest = 6.34% annual percentage interest.
Loan will be for 30 years
=> 268 000 .0634 = 18132.4 dollars for annual
=> 18132.4 dollars 30 years = 543972 dollars
=> 543972 + 268 000 = 811972

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