You have just grduated from college and landed youyr first job, you purchase a house cost 250,000 and find a bank interest rate 6% that compounds monthly for 30 years.
what is the monthly payment for this loan?
what is the unpaid balance at the end of 5 years?
what is the unpaid balance at the end of the 10th year?
I think I should use the formula A=p(1+I)n but I am not sure please help.

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I have A=250.000 (1+.06) 12
A=250.000 (1.06) 12
I don't know the next step

mathmind can yo help me when you're done

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