Monroe Ultimate - Page 81

81
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Assumeyouareinterestedinpurchasingahomefor$250,000.Theinterestrateis6%.Youwantto
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(ZZ\TL`V\JHUHMMVYK[VWH`WLYTVU[OVUTVY[NHNLWH`TLU[@V\X\HSPM`MVYHPU[LYLZ[
rate.Youwanttopaytheloanoffin180months(15years).Solvefortheamountyoumayborrow
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250000
6
180
7=(TV\U[-PUHUJLK
Interest Rate
Term - Months
Monthly Payment
2000
6
180
Monthly Payment
Interest Rate
Term - Months
7=(TV\U[-PUHUJLK
250,000.00 T
6.00 %
180.00M
2,109.64M#
2,000.00M#
6.00 %
180.00M
237,007.03 T
ENTER DEPRESS PRINT OPERATIONAL NOTES
ENTER DEPRESS PRINT OPERATIONAL NOTES
IV
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IV
Monro-Manual-1-50 1/26/10 6:07 PM Page 81