What is the total payments? Down Payment=27,870 Loan Amount=250,830 Original purchase price=278700 Down payment =27,870 Loan amount=250,830

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What is the total payments?

Down Payment=27,870

Loan Amount=250,830

Original purchase price=278700

Down payment =27,870

Loan amount=250,830

Annual interest= 0.0353

Loan length 15 years

Use this formula : d=P₀(r/k)/(1−(1+r/k)^(−Nk)

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Aug 10, 2023 07:04 AM

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What is the total payments? Down Payment=27,870 Loan Amount=250,830 Original purchase price=278700 Down payment =27,870 Loan amount=250,830

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ANSWER AND EXPLANATION Refer to image To calculate the total payments we can use the given ... View the full answer

Personal Finance

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