Asked by Cheryl
what would the monthly payment be on a $115,000 home with a 4.4 percent annual interest?
Answers
Answered by
Ms. Sue
That depends upon the size of the mortgage and the number of years in which you've agreed to pay it off.
Answered by
Damon
I did one very much like this earlier today.
You need the number of years of course.
periods = years * 12
HERE IS ONE LIKE THIS
NOT THE SAME
the patel family recently purchased a home taking out a mortage of $235,000 at 8% for 25 years excluding taxes and insurance what is the monthlt piti payment for their loan
finance - Damon, Thursday, January 26, 2012 at 3:12pm
pmt = PV [ r/{1 - (1+r)^-n} ]
r = .08/12 = .0066666
n = 25*12 = 300
1+r = 1.0066666
(1+r)^-300 = .13624
+1 = 1.13624
.0066666/1.1364 = .005867
* 235000 = $1,378.82 per month
You need the number of years of course.
periods = years * 12
HERE IS ONE LIKE THIS
NOT THE SAME
the patel family recently purchased a home taking out a mortage of $235,000 at 8% for 25 years excluding taxes and insurance what is the monthlt piti payment for their loan
finance - Damon, Thursday, January 26, 2012 at 3:12pm
pmt = PV [ r/{1 - (1+r)^-n} ]
r = .08/12 = .0066666
n = 25*12 = 300
1+r = 1.0066666
(1+r)^-300 = .13624
+1 = 1.13624
.0066666/1.1364 = .005867
* 235000 = $1,378.82 per month
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