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

Question

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

0 Answers/Comments

Rating

There are no new answers.

26,444,695 questions answered

There are no comments.