Monthly Payment Formula Worksheet

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 formula: 11. Use the table to summarize your information. Summary. 15 year term 30 year term n = 180 months ................
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