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Category > Accounting Posted 20 May 2017 My Price 6.00

Mr. Wiggley wants to buy a new house

Mr. Wiggley wants to buy a new house. It will cost $178,000. The bank will loan 90% of the purchase price at a nominal interest rate of 10.75% compounded weekly, and Mr. Wiggley will make monthly payments. What is the amount of the monthly payments if he intends to pay the house off in 25 years?

Answers

Alpha Geek
(8)
Status NEW Posted 20 May 2017 09:05 AM My Price 6.00

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Attachments

file 1495271861-1792562_1_636307627884391308_Annuity.xlsx preview (168 words )
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