What is the monthly mortgage payment on a $500,000 6% 30-year mortgage? You can use the formula Payment = PV/ {1- 1/(1+r)"}/r

asked Nov 2, 2024 136k views

4 votes

What is the monthly mortgage payment on a $500,000 6% 30-year mortgage? You can

use the formula Payment = PV/ {1- 1/(1+r)"}/r

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2 votes

The monthly mortgage payment on a $500,000 6% 30-year mortgage is approximately $2,997.75.

Kakajan answered Nov 6, 2024

7.9k points

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