Problema Solution
$200,000 AT 5.5% INTREST ON A 30 YEAR LOAN. HOW MUCH ARE THE PAYMENTS?
Answer provided by our tutors
payments are :
if the interests 5.5 in the whole 30 years
200,000 + 0.055 * 200,000 = 211,000
if the interest 5.5 per year for 30 year
200,000 + 0.055*30*200,000 = 530,000