looking to buy a house and loan amount (L) is $412479.20. The interest rate (r) is 2.5% and it will be a 20 yr (t) mortgage. Please help solve using: M = Lr [1+r/12]^(12t) / 12[(1+r/12)^12t-1]
looking to buy a house and loan amount (L) is $412479.20. The interest rate (r) is 2.5% and it will be a 20 yr (t) mortgage. Please help solve using: M = Lr [1+r/12]^(12t) / 12[(1+r/12)^12t-1]
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter10: Radical Functions And Equations
Section: Chapter Questions
Problem 23CR
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Pls solve using formula - no variations
looking to buy a house and loan amount (L) is $412479.20. The interest rate (r) is 2.5% and it will be a 20 yr (t) mortgage.
Please help solve using:
M = Lr [1+r/12]^(12t) / 12[(1+r/12)^12t-1]
Thank you
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