SOLUTION: On my current mortgage, I still owe $220,000. the interest rate is 5.4 compounded monthly. I have 270 monthly payments left, starting at the end of this month. What must be amount

Algebra ->  Finance -> SOLUTION: On my current mortgage, I still owe $220,000. the interest rate is 5.4 compounded monthly. I have 270 monthly payments left, starting at the end of this month. What must be amount       Log On


   

Question 342167: On my current mortgage, I still owe $220,000. the interest rate is 5.4 compounded monthly. I have 270 monthly payments left, starting at the end of this month. What must be amount of my monthly payment
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
Using the mortgage feature on my Ti83, your monthly payment is $1409.29