If you borrow $200,000 at an apr of 8% for 25 years, you will pay more per month than if you borrow the money for 30 years at 8%. a. what is the monthly payment on the 25-year mortgage, to the nearest cent?

If I did the math correctly, then you would be paying roughly $53.33 per month.

Step-by-step explanation: $200,000 times .08 = 16,000.

Since it is an APR, i needed to figure out how many months there are in 25 years. 25 times 12 = 300

16,000 divided by 300 appr. = $53.33

answer: 1) twenty-seven times y

              2) twenty-seven multiplied by y