A building is priced at 250000 if a down payment of 25000


Question: A building is priced at $250,000. If a down payment of $25,000 is made and a payment of $5,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 9% compounded monthly. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A building is priced at 250000 if a down payment of 25000
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