If a Home Sells for $150,000 with One-Third Down at a Rate

question 65

Short Answer

If a home sells for $150,000 with one-third down at a rate of 11% for 25 years, calculate (A)amount of mortgage and (B)the monthly payment.

---

Definitions:

Virtual

Referring to something that is not physically existing but made by software to appear to do so.

Online

Connected to or available through the internet or another computer network.

HR Technology Platform

Digital solutions that automate and facilitate managing human resource functions, including recruitment, payroll, performance management, and employee engagement.

Publicly Traded

Refers to companies whose shares are bought and sold by the public on stock exchanges.