Oliver wants to buy a cabin and needs to borrow $80,000. What monthly payment is necessary to

Question:

Oliver wants to buy a cabin and needs to borrow $80,000. What monthly payment is necessary to pay off the mortgage in 30 years if the annual interest rate is 8.9%, compounded monthly?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Discovering Advanced Algebra An Investigative Approach

ISBN: 978-1559539845

1st edition

Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke

Question Posted: