Question

CONTEXT You would like to buy a $320,000 condo in downtown Colorado Springs. If the bank...

CONTEXT

You would like to buy a $320,000 condo in downtown Colorado Springs. If the bank will require you to provide a 20% down payment, what will be the monthly payment on the 30yr mortgage, if the mortgage interest rate is 4.800%(M)?

ANS: 1343.14

NEED HELP WITH 24

24. Regarding your condo, five years go by. The condo appreciated 3% each year. What is the value of your home equity?

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