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?

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)

Math question: In a right triangle, if one leg measures 5 and the hypotenuse measures 13, what is the length of the other leg?

Math question: Simplify the expression √(9 - √(80)) + √(9 + √(80))

What is the equation of an exponential function that represents the graph shown? f(x) = ?, where the graph is increasing consistently from left to right.

New questions in Mathematics

Suppose that a device has been created that launches objects at ground level and that its operation is modeled by the function h(x) = -4×² + 256x, with h being the height (in meters) and x being the distance (in meters) What is the maximum height that the object reaches?

Given that y = ×(2x + 1)*, show that dy = (2x + 1)" (Ax + B) dx where n, A and B are constants to be found.

3x+5y=11 2x-3y=1

A consulting company charges a fee of $50 per hour for consulting. If their monthly fixed costs are $1,000 and they want to make a monthly profit of $2,500, how many consulting hours should they bill per month?

Determine the absolute extrema of the function 𝑓(𝑥)=𝑥3−18𝑥2 96𝑥 , on the interval [1,10]

The director of a company must transfer 6 people from the human resources department to the sales department, in order to sustain sales during the month of December. What is the probability that he will transfer only 2 of them?

-27=-7u 5(u-3)

find all matrices that commute with the matrix A=[0 1]

4x/2+5x-3/6=7/8-1/4-x

Log5 625

X³-27

Subjects are randomly assigned to one of three specialties for a 3-month rotation, and at the end of that rotation, they are given a test that measures moral development. The scores are listed below, where a high score represents high moral development and a low score represents low moral development. Orthopedics Pediatrics Oncology 77 63 54 84 93 97 66 97 76 44 76 65 59 45 91 40 88 68 28 74 54 M = 56.86 M = 76.57 M = 72.14 What is Nt?

Congratulations, you have saved well and are ready to begin your retirement. If you have $1,750,000.00 saved for your retirement and want it to last for 40 years, and will earn 10.8% compounded monthly: What is the amount of the monthly distribuion? 216.50 How much interest is earned in retirement?

When Sara was 15 years old, an uncle left her as inheritanceà a sum of 10,000 euros which he invested in a bank that applies the interest rate of 2,5% annual. Today Sara is 18 years and wants to buy a'car, how much she can ò withdraw from the bank?

Write the equation of the line that is parallel to y= 4x-7 and has a y- intercept at (0,5)

Let x be an integer. Prove that x^2 is even if and only if is divisible by 4.

A natural gas company has a fixed rate of 1,320 pesos plus 1,590 pesos per cubic meter of gas consumed monthly per customer. Indicate the cost function to determine the value in pesos of the cubic meters of gas consumed in a month per customer. How much did a customer who consumed 18 cubic meters of gas pay? If a customer paid 34,710 pesos, how many cubic meters of gas did he consume?

A confidence interval for a population mean has a margin of error of 3.5. a. Determine the length of the confidence interval. b. If the sample mean is 47.8 , obtain the confidence interval. a. The length of the confidence interval is?

The perimeter of a rectangular rug is 42 feet. The width is 9 feet. What is the length?

Two trains leave stations 294 miles apart at the same time and travel toward each other. One train travels at 95 miles per hour while the other travels at 115 miles per hourHow long will it take for the two trains to meet?

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?

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?

You might be interested in