menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
The price of a condominium is $102,000. The bank requires a 5% down payment and one payment and one point at the time of closing. The cost of the condominium is financed with a 30-year fixed-rate mortage
asked
Sep 12, 2019
194k
views
0
votes
The price of a condominium is $102,000. The bank requires a 5% down payment and one payment and one point at the time of closing. The cost of the condominium is financed with a 30-year fixed-rate mortage at 8.5%? Find the required down payment.
Mathematics
college
MsBugKiller
asked
by
MsBugKiller
7.5k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
1
vote
Down payment = 5% * $102,000 = $5,100.
Augustine
answered
Sep 18, 2019
by
Augustine
8.0k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Oct 9, 2023
19.3k
views
Jeff decided to purchase a house, his mortage is a 30-year loan at 4.1 % compounded monthly. The final purchase price was $150,000.00 Jeff put down 2808.00 at closing. Find Jeffs monthly payment
Ayrton Senna
asked
Oct 9, 2023
by
Ayrton Senna
7.6k
points
Mathematics
college
1
answer
1
vote
19.3k
views
asked
Oct 23, 2023
144k
views
The price of a condominium is $73,000. The bank requires a 5% down payment and one point at the time of closing. The cost of the condominium is financed with a 30-year fixed-rate mortgage at 6.5%. Use
Donald Miner
asked
Oct 23, 2023
by
Donald Miner
9.0k
points
Mathematics
high-school
1
answer
3
votes
144k
views
asked
Jul 4, 2024
77.1k
views
Which correctly shows a list of assest and liabilities? Оа Assets: home value, saving account, car value, retirement savings Liabilities: credit card debt, mortage, car loan Assets: mortgage, car loan,
Logan Serman
asked
Jul 4, 2024
by
Logan Serman
8.6k
points
Business
high-school
1
answer
2
votes
77.1k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org