324,382 views
15 votes
15 votes
You want to buy a $200,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. a. How much is the loan amount going to be? b. What will your monthly payments be if the interest rate is 5%? c. What will your monthly payments be if the interest rate is 6%?

User Mdker
by
3.0k points

1 Answer

12 votes
12 votes

Answer:

110,000 dollars for the loan

Explanation:

User Jim Ferrans
by
2.6k points