How much is each payment, You intend to purchase a $220,000

How much is each payment

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Reference no: EM132064529

1. You intend to purchase a $220,000 property with 6% interest. The loan terms are 30 year with monthly payments. How much is each payment?

15982.76

13741.25

1319.01

1143.68

2. Following previous question, how much would you owe the bank if you sold the property at the end of 5 years?

204,313.31

204,719.40

198,794.11

174,313.87

Reference no: EM132064529

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