Hazel needs to plan the mortgage amount she can afford.How much would she need to pay monthly on a mortgage of $200 000 at six percent interest,calculated semi-annually and amortized over 30 years?
A)$555
B)$1211
C)$1199
D)$1190

Question

Quizplus · Accepted Answer

The correct answer is D because the monthly payment on a mortgage of $200,000 at six percent interest, calculated semi-annually and amortized over 30 years is $1190.

Hazel Needs to Plan the Mortgage Amount She Can Afford