asked 181k views
2 votes
You want to buy a $ 161,035 home. You plan to pay 11 % as a down payment, and take out a 16 year loan for the rest. What will your monthly payments be if the interest rate is 7.1 %?

$_____________ (Round to 2 decimal places if necessary)

1 Answer

2 votes

Your monthly payment on the house will be $ 799.46

answered
User Gil Julio
by
8.4k points
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