Homework answers / question archive / You are considering taking out a $200,000 mortgage to buy a house

You are considering taking out a $200,000 mortgage to buy a house

Finance

Share With

You are considering taking out a $200,000 mortgage to buy a house. Your bank will charge you a 6% APR (compounded monthly) on a 30 year mortgage with monthly payments. Your first payment is due in one month. Calculate the monthly payment for this mortgage. $199.10 $555.56 Tect! $1,199.10 S12.335.60