Math problem...help please..lol
Posted: Tue Jun 03, 2003 7:22 pm
Help!! I can't figure out why this finace company came out with the figure they did and was hoping someone here can figure this up 2 different ways for me and see what you come up with?! PWEEESEEEEeeeeeeeee... 
) We are purchasing a 2001 Indies home that is 2176 sq. ft.
Ok, here it is: We are taking a loan out for $32,800 @ 9.75% for 20 yrs. We are putting 10% down. What I need to know is how much will our payments be and how you got your amount.
Here is the other one. Same thing, loan for $32,800 but at 10.5% for 15 yrs. With 10% down. How much would our payments be this way and again, how you get this amount.
I keep doing it the way I know how and I don't come up with what they told me. Please let me know what you come up with...
Thanks,
Kim........who is pregnant and so stressed that I can't do the math....lol
) We are purchasing a 2001 Indies home that is 2176 sq. ft.Ok, here it is: We are taking a loan out for $32,800 @ 9.75% for 20 yrs. We are putting 10% down. What I need to know is how much will our payments be and how you got your amount.
Here is the other one. Same thing, loan for $32,800 but at 10.5% for 15 yrs. With 10% down. How much would our payments be this way and again, how you get this amount.
I keep doing it the way I know how and I don't come up with what they told me. Please let me know what you come up with...
Thanks,
Kim........who is pregnant and so stressed that I can't do the math....lol