Multiple Choice
Find the monthly house payment necessary to amortize the following loan.
-In order to purchase a home, a family borrows $267,000 at 10.8% for 15 yr. What is their monthly payment? Round the answer to the nearest cent.
A) $3394.52
B) $19,108.39
C) $2403.00
D) $3001.27
Correct Answer:
Verified
Correct Answer:
Verified
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