Solve the problem. If necessary, use the table of monthly payments below. Round your answer to the nearest cent.?Monthly Payments to Repay Principal and Interest on a $1000 Mortgage Term of Mortgage (Years)
Find the monthly payment needed to amortize principal and interest for the following fixed-rate mortgage. Mortgage amount: $87,000Term of mortgage: 20 yearsInterest rate: 10.5%
A. $868.59
B. $821.44
C. $898.00
D. $839.57
Answer: A
You might also like to view...
Graph the polynomial function. Use synthetic division and the remainder theorem to find the zeros.f(x) = x3 + 9x2 - 108
A. -6, 3, 6;
B. -6 (multiplicity 2), 3;
C. 6 (multiplicity 2), -3;
D. 3 (multiplicity 2), -6;
Solve the problem.The gravitational attraction A between two masses varies inversely as the square of the distance between them. If the force of attraction is when the masses are
apart, what is the attraction when the masses are
apart?
A. 4 lb B. 1 lb C. 2 lb D. 3 lb
Find the volume of the rectangular solid.
A. V = 1695.6 in.3 B. V = 282.6 in.3 C. V = 1903.8 in.3 D. V = 94.2 in.3
Use a calculator to find the function value to four decimal places.sin (1.2)
A. 0.9998 B. -0.9320 C. 0.9320 D. 0.3624