2.6k views
4 votes
8. In the next year, Bill again, earned $55,000 gross income. He purchased a house Jan 1st 2015, for $187,500. He put down 20% down payment and borrowed the rest. Using the Rule of 8, how much is his monthly payment

User Ryan Bigg
by
7.5k points

1 Answer

0 votes

Answer:

The monthly payment due will be $18750.

Step-by-step explanation:

8. In the next year, Bill again, earned $55,000 gross income. He purchased a house-example-1
User Helq
by
7.2k points