Please calculate the month mortgage and interest payment


Please calculate the month mortgage and interest payment and show the clear and step-by-step calculation [1] Recently, you find a house with market value $500,000, interest rate 5.25%, and 20 years term loan. You also put $80,000 as down payment. Please calculate your monthly payment.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Please calculate the month mortgage and interest payment
Reference No:- TGS01395852

Expected delivery within 24 Hours