Multiple Choice
Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% interest per month.What is the size of the mortgage with these terms?
A) $128,035.05
B) $147,940.29
C) $149,138.24
D) $393,120.03
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: To calculate present value,we discount the future
Q17: A loan officer states,"Thousands of dollars can
Q18: What is the APR on a loan
Q19: Lester's just signed a contract that will
Q20: What APR is being earned on a
Q22: Your car loan requires payments of $200
Q23: A perpetuity is a special form of
Q24: What is the minimum nominal rate of
Q25: If the five-year discount factor is d,what
Q26: When money is invested at compound interest,the