SOLUTION: Is it B? I'm checking my answers.
Chris is purchasing a house and needs to finance a $150,000 mortgage from the bank with an annual percentage rate (APR) of 3.8%
He is finan
Algebra.Com
Question 1160609: Is it B? I'm checking my answers.
Chris is purchasing a house and needs to finance a $150,000 mortgage from the bank with an annual percentage rate (APR) of 3.8%
He is financing it over 30 years and making monthly payments. what is the monthly payment?
A. $416.67
B. $698.94
C. $833.33
D. $1393.88
The question is provided in the link here: https://i.imgur.com/kBftnvD.png
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
yes, it is B
You will need to pay $every month for years to payoff the debt.
RELATED QUESTIONS
Is it C? I'm checking my answers.
Chris is purchasing a house and needs to finance a... (answered by MathLover1,jim_thompson5910)
Sarah secured a bank loan of $150,000 for the purchase of a house. The mortgage is to be... (answered by math_tutor2020)
Five years ago, Diane secured a bank loan of $360,000 to help finance the purchase of a... (answered by Theo)
A. The Taylors have purchased a $240,000 house. They made an initial down payment of... (answered by math_tutor2020)
Abdol Akhim has just come from a Personal Finance class where he learned that he can... (answered by solver91311,ikleyn)
1. Wen Seng operates an ice cream shop. He is trying to decide whether to expand his... (answered by ikleyn)
1- Aya and Harumi would like to buy a house and their dream house costs $500,000. They... (answered by Theo)
Felix is purchasing a brownstone townhouse for $2,900,000. To obtain the mortgage,... (answered by Boreal)
Complete the following table, which shows the monthly payments on a $100,000, 30-year... (answered by Theo)