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Calculate the monthly payment of the following mortgages: Mortgage Amount: $146,800.00 APR: 5.25 % Term: 30 years Mortgage Amount: $113,400.00 APR: 5 % Term: 15 years
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5 votes
Calculate the monthly payment of the following mortgages:

Mortgage Amount: $146,800.00
APR: 5.25 %
Term: 30 years

Mortgage Amount: $113,400.00
APR: 5 %
Term: 15 years

User Blacktrance
by
8.2k points

2 Answers

6 votes
i have no clue i wish could help, I know that apr means average percentage rate if that helps


User Jagbandhuster
by
8.3k points
7 votes
first one is 7767.2 monthly payment and the second one I believe is 15750 monthly payment
User Raaj
by
8.1k points
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