Monthly payment if the mortgage is to be paid off

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Reference no: EM13709618

You are buying a home for $360000. If you make a down payment of $60000 ad take out a mortgage on the rest at 8.5% compounded monthly, what will be your monthly payment if the mortgage is to be paid off in 15 years?

Reference no: EM13709618

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Monthly payment if the mortgage is to be paid off : You are buying a home for $360000. If you make a down payment of $60000 ad take out a mortgage on the rest at 8.5% compounded monthly, what will be your monthly payment if the mortgage is to be paid off in 15 years?

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