Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.)
Finance $650,000 for a warehouse with a 9.50% 30-year loan

A:
the answer is $171.50/month.
Solution:
$650,000x9.50% or 0.095=$61,750
30yrs=360months
$61,750/360months=$171.50/month

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Asked 9/14/2013 10:24:07 PM

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