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Math Help - mortgage question!

  1. #1
    Newbie
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    ontario
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    Question mortgage question!

    Alice wants to take out a 20-year mortgage. If the interest is calculated at 8% compounded semi-anually, and alice can afford monthly payments of $850 per month, what is the largest mortage amount that alice can afford?
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  2. #2
    MHF Contributor

    Joined
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    Re: mortgage question!

    You seem to have the wrong idea about this web-site. You have posted four problems without the slightest attempt of your own. This is not one of those "We will do your homework for you so that you learn nothing and fail the exam" websites. We will be glad to look over what you have done so we can see what kind of help you need and what hints will help.
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