Transcribed Image Text:The monthly payment is $
$I
X
48
S
49
50
51
Use the monthly payment formula to answer the question. Round your answer to two decimal places, if necessary.
A supermarket building was purchased for $295,000. The down payment was 12%. The balance was financed at 6.12% for 25 years. Find the monthly
payment.
= 52
53
-54
– 55
Rachel
Ph
E
56
$I
X
48
S
49
50
51
Use the monthly payment formula to answer the question. Round your answer to two decimal places, if necessary.
A supermarket building was purchased for $295,000. The down payment was 12%. The balance was financed at 6.12% for 25 years. Find the monthly
payment.
= 52
53
-54
– 55
Rachel
Ph
E
56
