Asked by Anonymous
Finance $650,000 for a warehouse with a10.50% 30 year loan what is the monthly payment
Answers
Answered by
Ms. Sue
I = PRT
I = 650,000 * 0.105 * 30
I = 2,047,500
~~~~~~~~
2,047,500 + 650,000 = 2,697,500
2,697,500 / 360 = $7,493.06
I = 650,000 * 0.105 * 30
I = 2,047,500
~~~~~~~~
2,047,500 + 650,000 = 2,697,500
2,697,500 / 360 = $7,493.06
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