How much would the monthly payment be on a mortgage of $250,000 for 30 years at a rate of 6.0%?
A) $1,498.87
B) $1,779.48
C) $743.66
D) $721.73
E) $1,450.03
Answer: A
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Which statement is true with regard to the yearly rate of return method developed by Belth?
(a) It ignores dividend payments. (b) It calculates a cost per thousand per year. (c) It ignores the increase in cash value from year to year. (d) It uses an assumed price per thousand dollars of coverage.
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Municipal bonds that are issued to pay for essential public projects are exempt from federal taxation
Indicate whether the statement is true or false
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