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    Business Mathematics Study Set 1
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    Exam 11: Annuities: Periodic Payment, Number of Payments, and Interest Rate
  5. Question
    How Many Monthly Payments of $919 Will It Take to Pay
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How Many Monthly Payments of $919 Will It Take to Pay

Question 11

Question 11

Multiple Choice

How many monthly payments of $919 will it take to pay off a mortgage loan if a $121,500 loan at 7% compounded semi-annually?


A) 132
B) 178
C) 212
D) 236
E) 249

Correct Answer:

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