Solve the problem.
-In order to purchase a home, a family borrows $\$ 45,000$ at an annual interest rate of $13 \%$, to be paid back over a 30 year period in equal monthly payments. What is their monthly payment?
A) $\$ 507.53$
B) $\$ 497.79$
C) $\$ 16.25$
D) $\$ 487.50$

Question

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The Answer of Solve the problem.
-In order to purchase a home, a family borrows $\$ 45,000$ at an annual interest rate of $13 \%$, to be paid back over a 30 year period in equal monthly payments. What is their monthly payment?
A) $\$ 507.53$
B) $\$ 497.79$
C) $\$ 16.25$
D) $\$ 487.50$

Solve the Problem $45,000\$ 45,000$45,000 At an Annual Interest Rate Of 13%13 \%13%

Solve the Problem $\$ 45,000$ At an Annual Interest Rate Of $13 \%$