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    Using and Understanding Mathematics
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    Exam 4: Managing Money
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    Solve. -Determine the Total Payment Over the Term of a Home
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Solve. -Determine the Total Payment Over the Term of a Home

Question 142

Question 142

Multiple Choice

Solve.
-Determine the total payment over the term of a home mortgage of $120,000 with a fixed APR of 6% for 30 years.


A) $689,218.94
B) $141,509.43
C) $323,757.28
D) $259,005.83

Correct Answer:

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