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Bob estimates he can afford a monthly mortgage payment of $575. Current interest rates are 6.75%. Calculate the mortagage hecould assume for each amortization period.
A) 15 years
the extra info is that the monthly payments per $1000 for this percentage + 15years is $8.85.
How would you do this problem?
A) 15 years
the extra info is that the monthly payments per $1000 for this percentage + 15years is $8.85.
How would you do this problem?