Calculating the monthly payments
Question: What will the monthly payment be if you take out a $100,000 15 year mortgage at an interest rate of 1% per month? The response must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.
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What will the monthly payment be if you take out a $100,000 15 year mortgage at an interest rate of 1% per month?
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Determine what payments are required to repay a $100,000 loan over 20 years in equal monthly installments if interest rates remain at 9% p.a.
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