Explore BrainMass

Explore BrainMass

    Calculating the Monthly Payments

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What will the monthly payment be if you take out a $100,000 15 year mortgage at an interest rate of 1% per month?

    © BrainMass Inc. brainmass.com March 4, 2021, 5:38 pm ad1c9bdddf
    https://brainmass.com/business/annuity/calculating-monthly-payments-3985

    Solution Summary

    This solution is comprised of a simple explanation of how to calculate what will the monthly payment be if you take out a $100,000 15 year mortgage at an interest rate of 1% per month?

    $2.49

    ADVERTISEMENT