Real estate is going crazy in Flagstaff and around the country. Bad time to buy because of prices, but also a good time because interest rates are very low. What is the annual payment over 30 years for a $750,000 house, assuming you paid 25% of the total cost as a down payment. The annual interest rate is 4%.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 16E: Mortgage What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the...
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Real estate is going crazy in Flagstaff and around the country. Bad time to buy because
of prices, but also a good time because interest rates are very low. What is the annual
payment over 30 years for a $750,000 house, assuming you paid 25% of the total cost as
a down payment. The annual interest rate is 4%.
Transcribed Image Text:Real estate is going crazy in Flagstaff and around the country. Bad time to buy because of prices, but also a good time because interest rates are very low. What is the annual payment over 30 years for a $750,000 house, assuming you paid 25% of the total cost as a down payment. The annual interest rate is 4%.
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