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3. You decide to borrow $200,000 to build a new house. The bank charges an interest rate of 6% compounded monthly. If you pay t...Asked by ananoumous
3. You decide to borrow $200,000 to build a new house. The bank charges an interest rate of 6% compounded monthly. If you pay the loan back over 30 years, what will your monthly payment be [rounded to the nearest dollar]?
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Answered by
ananoumous
1999
Answered by
Reiny
I answered this
http://www.jiskha.com/display.cgi?id=1268615820
http://www.jiskha.com/display.cgi?id=1268615820
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