You are buying a house for $280,000.00 with a downpayment of $56, XXXXXXXXXXThe loan will be paid back over 25 years with monthly payments of $1, XXXXXXXXXXIf the interest rate is 4.7% compounded...

You are buying a house for $280,000.00 with a downpayment of $56,000.00. The loan will be paid back over 25 years with monthly payments of $1,270.63. If the interest rate is 4.7% compounded monthly, what would the smaller concluding payment be?

The concluding payment would be $. (Round to 2 decimal places.)

TVM FORMULA