Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% interest per month.What is the size of the mortgage with these terms?
A) $128,035.05
B) $147,940.29
C) $149,138.24
D) $393,120.03
Correct Answer:
Verified
Q68: Real interest rates:
A) always exceed inflation rates.
B)
Q69: The present value of an annuity stream
Q70: If inflation in Wonderland was 3% per
Q71: Approximately how much must be saved for
Q72: $50,000 is borrowed,to be repaid in three
Q74: An amortizing loan is one in which:
A)
Q75: On the day you retire you have
Q76: Assume you are making $989 monthly payments
Q77: Your retirement account has a current balance
Q78: You're ready to make the last of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents