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He Hughes purchased a new condo for $ 1,000,000. at 8 % for 30 years. What is the monthly payment? My answer is $7337.65, will someone assist in checking and or correcting? Than…
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He Hughes purchased a new condo for $ 1,000,000. at 8 % for 30 years. What is the monthly payment? My answer is $7337.65, will someone assist in checking and or correcting? Than…
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Apr 6, 2019
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he Hughes purchased a new condo for $ 1,000,000. at 8 % for 30 years. What is the monthly payment? My answer is $7337.65, will someone assist in checking and or correcting? Thank you
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Iulian Onofrei
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P = A/D
Where, P = monthly payments, A = Total amount =$1,000,000
t= 30 years
r= 8% = 0.08
Therefore,
= 136.28
Then,
P= 1000000/136.28 = $7,337.65
Bennet
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Apr 12, 2019
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Bennet
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