Work the following application problems. Billiards Galore purchases a commercial building for $680,000, pays 20 down, and finances the balance at 11eb694d_08d7_0740_ba7a_2fbdddc498a4_SM2156_11 for 15 years. Taxes and insurance are $14,500 and $3200 per year, respectively. (a) Find the monthly payment. (b) Assume that insurance and taxes do not increase, and find the total cost of owning the building for 15 years, including the down payment.

Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

النسخة 12الرقم المعياري الدولي: 978-0132605540

Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

النسخة 12الرقم المعياري الدولي: 978-0132605540

تمرين 149

Work the following application problems.
Billiards Galore purchases a commercial building for $680,000, pays 20 down, and finances the balance at

for 15 years. Taxes and insurance are $14,500 and $3200 per year, respectively. (a) Find the monthly payment. (b) Assume that insurance and taxes do not increase, and find the total cost of owning the building for 15 years, including the down payment.

التوضيح

موثّق

This is a problem of finding the monthl...