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You took out a mortgage for $300,000. You need to pay $2,730 every month for 15 years. what is the monthly interest rate

You took out a mortgage for $300,000. You need to pay $2,730 every month for 15 years. what is the monthly interest rate
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4 votes
You took out a mortgage for $300,000. You need to pay $2,730 every month for 15 years. what is the monthly interest rate

User Hkhan
by
8.6k points

1 Answer

4 votes

Answer:

491.4

Step-by-step explanation:

15×12=180

2.730×180=491.4

User Andersson Melo
by
7.6k points
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