anyssherlock anyssherlock

08-06-2016
Mathematics

Answered

Calculate the monthly payment of the following mortgages:

Mortgage Amount: $146,800.00

APR: 5.25 %

Term: 30 years

Mortgage Amount: $113,400.00

APR: 5 %

Term: 15 years

Verified Answer :

MAXTORRES27 MAXTORRES27

08-06-2016

i have no clue i wish could help, I know that apr means average percentage rate if that helps

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caseyjdishroon caseyjdishroon

08-06-2016

first one is 7767.2 monthly payment and the second one I believe is 15750 monthly payment

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