Refinancing Home Mortgage
In: Mortgage Rate
10 Apr 2010The monthly payment on $150,000 mortgage at 8% for 15 years?
how’d u get that answer………… http://answers.yahoo.com/question/index;_ylt=AorxigOZw3uqeSktnjOFoljsy6IX;_ylv=3?qid=20091103133302AA1wOLI
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3 Responses to Mortgage rate??????????
bala_shree2003
April 11th, 2010 at 12:11 am
$1,833.33
Alina
April 11th, 2010 at 12:30 am
I= PRT
I =150000
p =
R= .08
T= 15 I= (p) (.o8) (15) …
150000/1.2= 1.2p/1.2
P = 125000
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April 11th, 2010 at 1:07 am
Principle and Interest= $1,433.48
Utilizing an Excel Spreadsheet function PMT
0-ROUND(PMT(Interest-Rate / 12,Number-of-years * 12,Loan-Amount),2)