Asked by Jonah
The Colemans finance their home with a $90,000 mortgage loan at 9.25% APR. What will their monthly payments be if the load has a term of 15 years?
when i did the calculations i got $926.27 but I'm not sure thats correct
Thank you!
when i did the calculations i got $926.27 but I'm not sure thats correct
Thank you!
Answers
Answered by
Steve
I'm sure you used your formula.
There are lots of mortgage payment calculators online; you can use one of them to check your work. Sounds about right, though.
There are lots of mortgage payment calculators online; you can use one of them to check your work. Sounds about right, though.
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