Question

You buy a $475,000 house and put 15% down. If you take a 20 year amortization and the rate is 2.34%, what would the monthly payment be?

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Ali

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PMT
=\frac{475000\times85\%\times\frac{2,34\%}{12}}{1-\left(1+\frac{2,34\%}{12}\right)^{-12\ fois20}}=2108,15

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