anonymous
  • anonymous
You can afford a $700 per month mortgage payment. You’ve found a 30 year loan at 5% interest. a. How big of a loan can you afford? b. How much total money will you pay the loan company? c. How much of that money is interest?
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
Jacob902
  • Jacob902
b
anonymous
  • anonymous
Huh?
dumbcow
  • dumbcow
there are different formulas for this here is one example: http://www.financeformulas.net/Formula%20Images/PV%20of%20Annuity%201.gif plug in 700 for P and .05/12 for r

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

dumbcow
  • dumbcow
you can also find mortgage calculators online

Looking for something else?

Not the answer you are looking for? Search for more explanations.