Compute the down payment and amount financed

Assignment Help Financial Accounting

Reference no: EM131242210

Asking Price: $285,000-will pay asking price

Real Estate Taxes: 1990.53

30- Year Fixed Interest Rate: 30 Year Fixed 3.47%

Question:
• Compute the down payment, amount financed, and the monthly mortgage payment (showing how to use the appropriate financial formula).
Down Payment: $57,000Amount Financed: $228,000

285,000 - 57,000 = 271,920

Monthly Mortgage Payment: (I need help computing the monthly payment and formula).

Reference no: EM131242210

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