SOLUTION: You want to buy a $228,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? $ b) What w

Algebra ->  Finance -> SOLUTION: You want to buy a $228,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? $ b) What w      Log On


   

Question 1201621: You want to buy a $228,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
$

b) What will your monthly payments be if the interest rate is 5%?
$

c) What will your monthly payments be if the interest rate is 6%?
$
Answer by ikleyn(52790) About Me  (Show Source):
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