Multiple Choice
Your real estate agent mentions that homes in your price range require a payment of approximately $1,200 per month over 30 years at 9% interest.What is the approximate size of the mortgage with these terms?
A) $128,035
B) $147,940
C) $149,140
D) $393,120
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: What will be the approximate population of
Q10: Comparing the values of undiscounted cash flows
Q14: In calculating the present value of $1,000
Q39: Your car loan requires payments of $200
Q84: For a given amount,the lower the discount
Q85: With $1.5 million in an account expected
Q89: A cash-strapped young professional offers to buy
Q94: Which of the following factors is fixed
Q95: The Excel function for interest rate is
Q97: An annuity factor represents the future value