Mathematics, 14.01.2020 17:31 jaygamer37
Jayne purchased a home for 24 with a down payment of 48000. the rate of interest was 5-3/4 for 30 years. what was her monthly mortgage payment
Answers: 3
![\bf \qquad \qquad \textit{Amortized Loan Value} \\\\ pymt=P\left[ \cfrac{\frac{r}{n}}{1-\left( 1+ \frac{r}{n}\right)^{-nt}} \right]](/tpl/images/0454/5672/b386b.png)
![\bf pymt=192000\left[ \cfrac{\frac{0.0575}{12}}{1-\left( 1+ \frac{0.0575}{12}\right)^{-12\cdot 30}} \right]](/tpl/images/0454/5672/f7524.png)
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Jayne purchased a home for 24 with a down payment of 48000. the rate of interest was 5-3/4 for 30 ye...
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