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8. In the next year, Bill again, earned $55,000 gross income. He purchased a house Jan 1st 2015, for $187,500. He put down 20% down payment and borrowed the rest. Using the Rule…

8. In the next year, Bill again, earned $55,000 gross income. He purchased a house Jan 1st 2015, for $187,500. He put down 20% down payment and borrowed the rest. Using the Rule…
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8. In the next year, Bill again, earned $55,000 gross income. He purchased a house Jan 1st 2015, for $187,500. He put down 20% down payment and borrowed the rest. Using the Rule of 8, how much is his monthly payment

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User Ryan Bigg
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1 Answer

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Answer:

The monthly payment due will be $18750.

Step-by-step explanation:

8. In the next year, Bill again, earned $55,000 gross income. He purchased a house-example-1
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User Helq
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