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Suppose you want to buy a $158,000 home. You found a bank that offers a 30-year loan at 4.9%
APR.
What will be your monthly payment? (Round to the nearest cent.)

Respuesta :

Prashantgame4

Step-by-step explanation:

300000 will be your monthly payment.

clarch19

Answer:

I believe monthly payment would be $645.17

Step-by-step explanation:

Interest = Principal x rate x time

Interest = 158000(.049)(30)

Interest = $232,260

Principal + Interest = 390,260

390,260 divided by 360 months (30 yrs at 12 months per yr) = 645.17

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