nicoleissaian nicoleissaian

29-09-2021
Mathematics

contestada

Sanjeep wishes to take out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is for 25 years. Calculate the monthly repayments. Give your answer in dollars and cents. Do not include commas or the dollar sign in your answer.

Respuesta :

gipsonrylie gipsonrylie

29-09-2021

Answer:

1041.66 a month

Step-by-step explanation:

250,000 x 0.05 = 12,500

12,500 a year

12,500 / 12 = 1041.66

1041.66 a month

Answer Link

xjxxnifxr xjxxnifxr

14-10-2021

Answer:$1,461.48.

Step-by-step explanation:

Answer Link

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