A $100,000 mortgage at 8.5% over thirty years has a monthly payment of $768.91. A $200,000 mortgage with the same terms would have a monthly payment of
A) considerably less than twice $768.91
B) twice $768.91
C) considerably more than twice $768.91
D) slightly more than twice $768.91
Correct Answer:
Verified
Q7: With a graduated payment mortgage,
A) payments decrease
Q8: With a shared appreciation mortgage,
A) the interest
Q9: A $55,000 mortgage at 7.75% over twenty
Q10: A $55,000 mortgage at 7.75% over thirty
Q11: A $55,000 mortgage at 9.75% over twenty
Q13: A $100,000 mortgage at 8.5% over thirty
Q14: A $100,000 mortgage at 8.5% over thirty
Q15: A $100,000 mortgage at 8.5% over thirty
Q16: A $100,000 mortgage at 8.5% over thirty
Q17: A $100,000 mortgage at 8.5% over twenty
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