Ask Question
17 October, 14:12

Abbey purchased a house using a fixed rate mortgage. The annual interest rate is 4.2% compounded monthly for 20 years. The mortgage amount is $235,000. What is the monthly payment on the mortgage?

+1
Answers (1)
  1. 17 October, 17:10
    0
    I GOT $9870.

    4.2 % OF $235,000 IS $9870.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Abbey purchased a house using a fixed rate mortgage. The annual interest rate is 4.2% compounded monthly for 20 years. The mortgage amount ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers