Use PMT=
to determine the regular payment amount, rounded to the nearest dollar.
The price of...
Mathematics, 14.05.2021 01:00 Arealbot
Use PMT=
to determine the regular payment amount, rounded to the nearest dollar.
The price of a home is $380,000. The bank requires a 20% down payment. After the down payment, the balance is financed with a 15-year fixed-rate mortgage at 8%.
Determine the monthly mortgage payment (excluding escrowed taxes and insurance) to the nearest dollar.
OA. $2.905
OB. $3,405
O C. $2,785
OD. $3,055
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Answers: 2
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