Abe Aster bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 11 1/2% on a 30-year mortgage, Abe's monthly payment is (use the table in the handbook):
A)$1,423.80
B)$1,387.40
C)$1,367.80
D)$1,982.00
E)None of these

Question

Quizplus · Accepted Answer

The Answer of Abe Aster bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 11 1/2% on a 30-year mortgage, Abe's monthly payment is (use the table in the handbook):
A)$1,423.80
B)$1,387.40
C)$1,367.80
D)$1,982.00
E)None of these

Abe Aster Bought a New Split Level for $200,000