Provide an appropriate response.The Krishnans amortize a loan of $150,000 for a new home by obtaining a 40-year mortgage at the rate of 10.2% compounded monthly. Find (a) the monthly payment, (b) the total interest charges, and (c) the principal remaining after 15 years.
What will be an ideal response?
(a) | $1297.32 | (b) | $472,713.60 | (c) | $140,579.48 |
Mathematics
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A.
B.
C.
D.
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A. -3 B. 3 C. -64 D. 64
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A. $9,419.05 B. $3,333.33 C. $10,616.78 D. $8,356.45
Mathematics