1. Calculate the monthly payments on a home loan for $200, 000 at an APR of...

1. Calculate the monthly payments on a home loan for $200, 000 at an APR of 5.1% if the loan is for...

a) 10 years

b) 15 years

c) 30 years

Then recalculate the payments if you are able to put 20% down.

Expert Solution

Colby Messinger answered 2 years ago

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