Ask your own question, for FREE!
Mathematics
OpenStudy (anonymous):

You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks to find the best interest rate, you find that Banks for Homeowners offers the best rate of 6% interest that compounds monthly for 30 years. * What is the monthly payment for this loan? * What is the unpaid balance of the loan at the end of 5 years? * What is the unpaid balance at the end of the 10th year?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
axie: Does anyone here do welding? I need help on an asignment.
47 seconds ago 3 Replies 0 Medals
Joe348: HAPPY BIRTHDAY @Allison ;-;
5 minutes ago 73 Replies 7 Medals
karissafrazier: what is Oklahomas state song?
21 minutes ago 6 Replies 0 Medals
Extrinix: Theme Release Topic: Games
49 minutes ago 12 Replies 1 Medal
SpaghettiTree: do dogs lick us because we have bones inside and they want them?
24 minutes ago 4 Replies 0 Medals
Darfangel: why do some people sweat and others dont?
1 hour ago 2 Replies 2 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!