Solve the problem using the loan payoff table or an amortization table.
A real estate company borrowed $305,000 to develop some condos. It amortized the loan to pay monthly for 4 years at 8% interest. Find the amount of each monthly payment.
A. $8,350.90
B. $6,743.55
C. $7,591.45
D. $7,445.05
Answer: D
Mathematics
You might also like to view...
Use the limit comparison test to determine if the series converges or diverges.
A. Converges B. Diverges
Mathematics
Divide.-25 ÷ (-0.05)
A. 500 B. 5 C. 50 D. 0.5
Mathematics
Solve the problem.The logistic growth function f(t) = 
models the number of people who have become ill with a particular infection t weeks after its initial outbreak in a particular community. What is the limiting size of the population that becomes ill?
A. 19,000 people B. 38,000 people C. 950 people D. 949 people
Mathematics
Write in simplest exponent form.2 ? 2 ? 2 ? 2 ? x ? x ? x
A. 6x3 B. 2x7 C. 25x3 D. 24x3
Mathematics