SOLUTION: A small restaurant was purchased for $407,000 with no down payment and a 6% loan for 20 years. Find the monthly payment.
Algebra.Com
Question 867683: A small restaurant was purchased for $407,000 with no down payment and a 6% loan for 20 years. Find the monthly payment.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
google "amortization schedule"
RELATED QUESTIONS
A store was purchased for 725,000 and the buyer made a 10% down payment. The balance was... (answered by mananth,MathTherapy)
(Amortization) A store was purchased for P725,000 and the buyer made a 10% down payment. (answered by greenestamps,ikleyn)
Fifteen years ago a couple purchased a house for $150,000.00 by paying a 20 % down... (answered by Theo)
Fifteen years ago a couple purchased a house for $180000
by paying a 20 % down payment... (answered by saradeitz8324)
Fifteen years ago a couple purchased a house for
by paying a 20% down payment and... (answered by math_tutor2020)
Gene purchased a condo for 90,000. He made a 15% down payment and assumed a 9% morgage... (answered by mananth)
Fifteen years ago a couple purchased a house for $150,000.00 by paying a 20% down payment (answered by ikleyn)
Michael Sanchez purchased a condominium for $73,000. He made a 20% down payment and... (answered by Theo)
Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A... (answered by reviewermath)