Monthly Payment Formula Worksheet
5. Calculate the payment R by using the following formula: 6. Lowest interest rate (r) for a 30 year term mortgage. _____ n = 360. 7. Price of the home from step 2. _____ 8. Amount borrowed. P = Price of the home – % down payment * price of the home. _____ 9. (round to 6 decimal places) _____ 10. Calculate the payment R by using the following ... ................
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