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what is the monthly annuity payment of a housing loan?

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Algebra 1 Answers
what is the monthly annuity payment of a housing...

amount of Loan is 384,000; 4 years term; 14% per annum

loans

asked Sep 10, 2013 in Algebra 1 Answers by simon

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1 Answer

?????????????? "annuity paement on a lone" ?????????????? . . . Kommon home lone paement, prinsapal+interest . . . True, the formula is the same as the paeout from a annuity, . . . but yu kant kall a lone a annuity . . . ?????????????? "annum" ????????????????? . . . borro=348,000$, 14%, 4 yeers tu pae off, monthly pae . . . Paement=9,509.61$/month . . . interest=108,461.52$

answered Sep 10, 2013 by muneepenee

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