Don is buying a home for $190,300.He is making a 30% down payment and financing the rest with a 15 – year loan at 5.75% interest. What will his monthly mortgage payment be?
You are given the price of the house worth $190,300 and about 30% down payment of the price is paid with a 15 – year loan at 5.75% interest. You will use annuity due in this problem. His monthly mortgage payment is $5,468.1
