With a selling price $88,000, a down payment of $24,000, and a mortgage at 13% for 30 years, calculate:
A. Principal
B. Payments per $1,000
C. Monthly mortgage payment

Name: With a selling price $88,000, a down payment of $24,000, and a mortgage at 13% for 30 years, calculate: A. Principal B. Payments per $1,000 C. Monthly mortgage payment
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A: $88,000 - $24,000 = $64,000; B. $11.07 (13%, 30 years); C. $64,000 / $1,000 = 64; 64 × $11.07 = $708.48.

With a Selling Price $88,000, a Down Payment of $24,000