SOLUTION: Find the monthly mortgage payment for a mortgage of $93,000 at 7.75% per annum, amortized over 20 years.
Algebra
->
Percentage-and-ratio-word-problems
-> SOLUTION: Find the monthly mortgage payment for a mortgage of $93,000 at 7.75% per annum, amortized over 20 years.
Log On
Word Problems: Problems on percentages, ratios, and fractions
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Percentage-and-ratio-word-problems
Question 394761
:
Find the monthly mortgage payment for a mortgage of $93,000 at 7.75% per annum, amortized over 20 years.
Answer by
rfer(16322)
(
Show Source
):
You can
put this solution on YOUR website!
$763.48 per month