Chapter 11 Formulas Word Scramble
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Name | Formula (steps) |
simple interest | i = prt |
compound interest | A = P(1+ r/n) exponent nt |
required down payment | (cost of house)(down %) |
monthly mortgage payment | step 1: cost of house - down payment Step 2: divide by 1000 Step 3: multiply times chart number |
mortgage | cost of house - down payment |
points | (mortgage)(points %) |
adjusted monthly income | gross monthly income - regular monthly payments |
maximum monthly payment | (adjusted monthly payment)(28%) |
Created by:
dteacher
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