What will be your annual payment if you sign this? mortgage

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Reference no: EM131829937

You are thinking of purchasing a house. The house costs $300,000. You have $43,000 in cash that you can use as a down payment on the? house, but you need to borrow the rest of the purchase price. The bank is offering a 30?-year mortgage that requires annual payments and has an interest rate of 6% per year. What will be your annual payment if you sign this? mortgage? PLEASE show work!! Show how to solve on calculator as well if possible.

Reference no: EM131829937

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