Loretta Scholten bought a home for $210,000 with a down payment of $30,000. Her rate of interest ie 6% fro 35 years. Calculate Loretta's payment per $1,000 and her monthly mortage paymen

Question

Loretta Scholten bought a home for $210,000 with a down payment of $30,000.  Her rate of interest ie 6% fro 35 years.  Calculate Loretta's payment per $1,000 and her monthly mortage paymen

anonymous · Answer

Didn't get the line "Loretta's payment per $1,000 "

anonymous · Answer

$857.143 she have to pay for the mortage. Is it ?

anonymous · Answer

Oh. I don't understand this line either. This questions belongs to Chapter 15 of Business Technology pg. 366

anonymous · Answer

Ok , is the answer match with the given answer

anonymous · Answer

Then I'll solve it for you, it is a problem of Simple Interest.

anonymous · Answer

If I'm not wrong

anonymous · Answer

I'm not sure

anonymous · Answer

Ok, let us assume that Loretta receives a payment of $1000

anonymous · Answer

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