awebster0705p70yoh awebster0705p70yoh

11-04-2018
Mathematics

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jim bought a house for $125,000. he paid $12,500 down and the rest in equal monthly payments over thirty years. find the amount of jim’s monthly payment.

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alishedd83 alishedd83

11-04-2018

125,000 - 12,500= 112,500
112,500/360=312.50
So Jim would have to pay $312.50 monthly to pay of the house.
Hope this helps ;}

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