please helpppp
Violet obtained a 25-year, fixed-rate mortgage for $176,900 on a home that cost her $194,300. If the interest rate on the mortgage is 4.82%, how much are Violet’s monthly payments?

$1,015.67

$1,115.58

$8,526.58

$9,365.27

Question

please helpppp
Violet obtained a 25-year, fixed-rate mortgage for $176,900 on a home that cost her $194,300. If the interest rate on the mortgage is 4.82%, how much are Violet’s monthly payments?
 
$1,015.67 

$1,115.58 

$8,526.58 

$9,365.27

anonymous · Answer

@ankit042

amistre64 · Answer

i havent figured a good way to deal with the IRA stuff ....

anonymous · Answer

Ok can you help with another then?

amistre64 · Answer

P = Bk^(12*25) (1-k)/(1-k^(12*25)), k=1+.0482/12

B = 176900

anonymous · Answer

wait so what is the answer? @amistre64

amistre64 · Answer

if ive read this right http://www.wolframalpha.com/input/?i=176900k%5E%2812*25%29+%281-k%29%2F%281-k%5E%2812*25%29%29%2C+k%3D1%2B.0482%2F12

anonymous · Answer

omg thank you so much

amistre64 · Answer

good luck