menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Practical Business Math Procedures Study Set 2
  4. Exam
    Exam 15: The Cost of Home Ownership
  5. Question
    Lizzy Clar Bought a Home for $160,000, Putting Down $30,000
Solved

Lizzy Clar Bought a Home for $160,000, Putting Down $30,000

Question 87

Question 87

Multiple Choice

Lizzy Clar bought a home for $160,000, putting down $30,000. The rate of interest is 7% for 25 years. The total yearly mortgage payment is:


A) $11,029.20
B) $11,920.20
C) $919.10
D) $18,782.40
E) None of these

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q82: Match the following terms with their definitions.<br>-Mortgage<br>A)Breakdown

Q83: Banks cannot provide amortization schedules to borrowers.

Q84: Bill bought an oceanfront condominium for $79,900,

Q85: Megan Mei is charged 2 points on

Q86: From the table in the handbook, the

Q88: Alice Roa is concerned about the financing

Q89: Darlene Ramirez bought a home for $140,000.

Q90: Match the following terms with their definitions.<br>-Biweekly<br>A)Breakdown

Q91: Joe Jay purchased a new colonial home

Q92: Jen purchased a condo in Naples, Florida,

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines