SOLUTION: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $130,000 home bought with a 20% down payment and the balance financed for 30 years at 11.5%

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $130,000 home bought with a 20% down payment and the balance financed for 30 years at 11.5%      Log On

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Question 750385: Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A $130,000 home bought with a 20% down payment and the balance financed for 30 years at 11.5%

Answer by reviewermath(1029) About Me  (Show Source):
You can put this solution on YOUR website!
The monthly payment for the loan is equal to
= $highlight%281029.90%29