jack177 jack177

13-05-2017
Mathematics

contestada

John buys a house for 70000 and makes a down payment of 15000. The mortgage payment is 11.01 per thousand of the loan amount. What is his monthly payments.

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Aliwohaish12 Aliwohaish12

13-05-2017

70,000−15,000
=55,000
number of thousands
55,000÷1,000
=55
Monthly payment
55×11.01
=605.55

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