Business, 18.09.2019 21:00 jimeneznancy650
Hugh akston took out a 30 year mortgage with an ear of 5.9%. if hugh borrowed $300,000 to buy his home, then his monthly payment will be closest to:
Answers: 1
![\\P[\frac{r(1+r)^n}{((1+r)^n)-1)}]](/tpl/images/0240/8267/72d74.png)
= 0.004917n = number of payments. This is the loan term. Therefore our N = 30 years by 12 months = 360.
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Hugh akston took out a 30 year mortgage with an ear of 5.9%. if hugh borrowed $300,000 to buy his ho...
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