Question

The Wei's are buying their first home. The purchase price of the home is $175,859. The Wei's are putting a
12% down payment on the home. They will finance the rest. If they get a locked rate of 4.75% for a 30 year
term loan, what will be their monthly payment?

Answer 1

$175 859 times 12 %. 175 859 take away the answer.
$175 859 times 4.75% is the answer. $175 859 take away the answer.
That will give you an answer.