Multiple Choice
You just purchased a vacant lot for your future son-in-law's home for $30,000.You financed that amount over 120 months.What would your monthly payment be if your interest rate was 12% compounded monthly?
A) $430.41
B) $389.21
C) $231.22
D) $189.02
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q61: You currently have $11,167 in your savings
Q62: The future value of a current investment
Q63: Approximately how long will it take Arnold's
Q64: Allowing the interest that you earn on
Q65: A compound annuity involves depositing or investing
Q67: With a 30-year mortgage loan of $100,000
Q68: Approximately what percent of Americans do not
Q69: What is the present value of a
Q70: Rasheed can afford a monthly car payment
Q71: You have been saving toward the purchase