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?

Name: Solved: 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? - MathMaster
Brand: MathMaster
Rating: 4.9 (183 reviews)

183

likes

917 views

Answer to a math 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?

$Expert avatar$

Ali

4.4

92 Answers

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

Frequently asked questions (FAQs)

What is the sign of equality for triangles congruent by the SAS criterion?

What is the sum of the mixed numbers 2 3/4 and 4 1/2, when factoring the product of 7 and 6 into real numbers?

Math question: Convert the mixed number 3 1/2 into an improper fraction, then reduce it to lowest terms, and find the factors of the resulting numerator. Finally, determine the sum of all factors.

New questions in Mathematics

Students Ana Beatriz and Paula decided to register on a website with exercises to study for upcoming simulations, but to register on this website, they need to choose a password consisting of five characters, three numbers and two letters (capital letters). or lowercase). Letters and numbers can be in any position. They know that the alphabet is made up of twenty-six letters and that an uppercase letter differs from a lowercase letter in a password. What is the total number of possible passwords for registering on this site?

I want to divide R$ 2200.00 between Antônio, Beto and Cássia, so that Beto receives half from Antônio and Cássia receives a third of Beto. Under these conditions, how much more will Beto receive than Cássia?

Evaluate limx→∞tan−1(x) using that y=tan−1(x) exactly when x=tan(y) . (Hint: Both tan and tan−1 are continuous!)

solve the following trigo equation for 0°<= x <= 360°. sec x =-2

B - (-4)=10

Suppose 50% of the doctors and hospital are surgeons if a sample of 576 doctors is selected what is the probability that the sample proportion of surgeons will be greater than 55% round your answer to four decimal places

9b^2-6b-5

3(2•1+3)4

20% of 3500

I want you to solve this problem as a grade sixth pupil in primary school: 8 Pigs ate 6 bags of fee in 20 days. How long will it take 10 pigs to eat 15 bags of feed eating at the same rate?

A box of numbered pens has 12 red, 12 blue, 12 green and 12 yellow pens. The pens for each colour are numbered from 1 to 12. There is a unique number on each pen, so no pen is exactly the same as any other pen in the box. When reaching into the box to randomly draw five pens without replacement, what is the proportion of getting exactly four pens of the same colour (Note: the numbers matter but the order does not)?