Solve the problem using the amortization table when necessary.AMORTIZATION (PRINCIPAL AND INTEREST PER THOUSAND DOLLARS)
John Atkins can afford a mortgage payment of $700 per month (not including insurance and taxes). Given a 15-year loan at 8%, find the maximum mortgage to the nearest thousand that he can afford.
A. $73,000
B. $72,000
C. $84,000
D. $95,000
Answer: A
Mathematics
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Find the limit of the sequence or state that it diverges.
A. diverges B. 1 C. -1 D. 0
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Determine whether the number is abundant or deficient.216
A. Abundant B. Deficient
Mathematics
Provide an appropriate response.The primary difference between an annuity due and an ordinary annuity is: I. when the money is paid into the annuity II. the way the money is paid out of the annuity III. with an annuity due, payment is made at the beginning of the period
A. II only B. III only C. both I and III D. I only
Mathematics
Translate to a proportion and solve. Round to the nearest hundredth, if necessary.21 is what percent of 50?
A. 0.42% B. 4200% C. 4.2% D. 42%
Mathematics