If the purchase price for a house is $445,500, what is the monthly payment if you put 5% down for a 30 year loan with a fixed rate of 6.25%?

The monthly payment is $2603.17

Step-by-step explanation:

The purchase price is = $445500

5% is down payment =

Loan amount is =

The EMI formula is =

p = 423225

r = 6.25/12/100=0.0052

n = 30*12 = 360

Putting the values in the formula we get:

= $2603.17

The monthly payment is $2603.17 approx

the answer would be 1 1/72

step-by-step explanation:

you can rewrite the equation by separating the parts and then solving individually:

10-9=1

1/8 - 1/9=

find l c d and then combine:

1 1/72