SOLUTION: What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for 30 years?

SOLUTION: What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for 30 years?

Algebra.Com

Question 290029: What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for 30 years?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for 30 years?
:
That's a pretty complicated formula, but using the finance feature on my TI83
monthly payment = $629.29
RELATED QUESTIONS
Complete the following table, which shows the monthly payments on a $100,000, 30-year... (answered by Theo)

Five years ago, Diane secured a bank loan of $360,000 to help finance the purchase of a... (answered by Theo)

What payment is required at the end of each month for 10 years to repay a $200,000... (answered by Theo)

Suppose you take out a mortgage for $550000 at 7.5% interest per year compounded... (answered by ikleyn,Theo)

The Taylors have purchased a $320,000 house. They made an initial down payment of $10,000 (answered by Theo)

A property is for sale at $375,000. The required down payment is %5, and a mortgage is... (answered by lynnlo)

Olivia plans to secure a 5-year balloon mortgage of $210,000 toward the purchase of a... (answered by math_tutor2020)

The Ability-to-Repay Rule, adopted by the Consumer Financial Protection Bureau in... (answered by Theo)

George secured an adjustable-rate mortgage (ARM) loan to help finance the purchase of his (answered by Theo)