To buy the home you love, you will need to take out a $615,000 loan with a 4.1% fixed interest rate for a 30 year loan. calculate the monthly payment for this loan. Do not round.

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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To buy the home you love, you will need to take out a $615,000 loan with a 4.1% fixed interest rate for a 30 year loan.

calculate the monthly payment for this loan. Do not round.

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