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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asked Mar 17, 2017 218k views

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

Mathematics
high-school

Blacktrance asked

by Blacktrance

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2 Answers

6 votes

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

Jagbandhuster answered Mar 19, 2017

by Jagbandhuster

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7 votes

first one is 7767.2 monthly payment and the second one I believe is 15750 monthly payment

Raaj answered Mar 21, 2017

by Raaj

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