Imagine you just bought a house for $400,000 and made a 20% down payment. Find the monthly payment on the mortgage at 5% over 30 years.
ASSIGNMENT Imagine you just bought a house for $400,000 and made a 20% down payment. Find the monthly payment on the mortgage at 5% over 30 years. Then multiply the monthly payment by the total number of payments to find the total amount of payments you make to the bank in paying off the loan. […]