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Question

What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for
30 years?
15 years ago

Answers

Reiny
Try this online calculator
http://www.mortgagecalculator.org/
set the tax rate to zero.

or
i = .075/12= .00625

solve for x
90000 = x[1 - 1.00625^-360]/.00625

I got 629.29
(the online calculator got the same thing)
15 years ago
alisha s.
thank you so much for that online calculator. it is very helpful
15 years ago

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