Problema Solution
If a house sells for $107,000.00 with an interest rate of 4 % what is the monthly payment for.
a. 15 years
b. 12 years
Answer provided by our tutors
cost=107,000.00$ Rate =4% For 15 years : Interest=(107,000.00*0.04*15)=64200$ For 12 years: Interest=(107,000.00*0.04*12)=51360$