You are thinking of purchasing a house. The house costs $ 250 comma 000. You have $ 36 comma 000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 10 % per year. What will be your annual payment if you sign this mortgage?
Solved
Show answers
More tips
- S Society and Politics Secrets of NATO: Which Countries are Part of the Alliance?...
- H Health and Medicine Is Massage Necessary? Facts and Opinions...
- C Computers and Internet Clearing Cache: How to Speed Up Your Browser...
- S Style and Beauty How are artificial nails removed?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- B Business The u.s. aggregate demand curve would shift to the left if a. the federal reserve board caused the real interest rate to increase. b. the foreign exchange rate of the...
- E English Which of the following is the best example of fragmentation? a. a story that ends with a resolution. b. a story that is told from start to finish. c.a story that starts...
- B Business Bond x is a premium bond making semiannual payments. the bond has a coupon rate of 8.5 percent, a ytm of 6.5 percent, and has 18 years to maturity. bond y is a discount...
Ответ:
£45
Explanation:
Simply multiply 18000 by 0.0025 and you get your result.