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A couplebuy a house listed at 180000 with a 30000 down

A couplebuy a house listed at $180,000 with a $30,000 down payment and amortized the rest of the debt with a quarterly payments made at the end of the quarter for 20 years. If the interest rate is 10%compounded quarterly

A. Find the size of the quarterly payment

B. How many payment of been made after 12 years. ie what is the value of k

C. Find the unpaid balance of the debt after 12 years.

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Finance Basics: A couplebuy a house listed at 180000 with a 30000 down

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Finance Basics: A couplebuy a house listed at 180000 with a 30000 down

Reference No:- TGS02546598

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