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Find the Monthly House Payment Necessary to Amortize the Following $30,000\$ 30,000

Question 101

Multiple Choice

Find the monthly house payment necessary to amortize the following loan.
-In order to purchase a home, a family borrows $30,000\$ 30,000 at 2.375%2.375 \% for 30yr30 \mathrm{yr} . What is their monthly payment?


A) \$ 1.98
B) $132.70\$ 132.70
C) $116.60\$ 116.60
D) $59.38\$ 59.38

Correct Answer:

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