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OpenStudy (anonymous):
Answer check: Andy purchased a house using a fixed rate mortgage. The annual interest rate is 4.9% compounded monthly for 25 years. The mortgage amount is $165,000. What is the monthly payment on the mortgage? I got $954.98
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OpenStudy (ilovecake):
Yes $954.98 is correct. Good Job. :D
OpenStudy (anonymous):
Thank you :) Can you check a couple more for me?
OpenStudy (ilovecake):
Sure; )
OpenStudy (anonymous):
Should I put it in a new question so I can do a best response again?
OpenStudy (ilovecake):
okay.
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