SOLUTION: how much i need to pay a month to pay off a house off in 6 years that cost 33000 with a 13% interest

Question 1012236: how much i need to pay a month to pay off a house off in 6 years that cost 33000 with a 13% interest
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
the house is 33,000.
the mortgage is 13% per year probably discounted monthly which is a standard contract in the united states.
13% per year / 12 = 1.0833...% per month
the number of months is 6 years * 12 = 72 months.
put that in your mortgage calculator to get a payment of 662.45 per month.

here's the output of the calculator i used as www.bankrate.com.

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