Register
A condo in Culver City, California, listed for $1.4 million with 20% down and financing at 5% for 30 years. What's the monthly payment?
95.0k views
3 votes
A condo in Culver City, California, listed for $1.4 million with 20% down and financing at 5% for 30 years. What's the monthly payment?

User Bigman
by
8.6k points

2 Answers

7 votes

Answer:

Explanation:

$6,014.40

User John Stauffer
by
9.4k points
1 vote
$6,387.40 per month. The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of c. P = L[c(1 + c)^n]/[(1 + c)^n - 1]
User Tomjn
by
7.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!