Solve the problem.Kayla and Sean are planning to purchase a new home. They will need to take out a 30-year home mortgage loan of $150,000. The annual interest rate for a 30-year mortgage at their bank is 6% compounded monthly. Compute their monthly mortgage payment under this loan. Round your answer to the nearest cent.

A. $900.00
B. $869.36
C. $899.33
D. $893.33
E. $881.34


Answer: C

Mathematics

You might also like to view...

Find the foci of the ellipse.49x2 + 16y2  = 784

A. (0, ±7)
B. (0, ±4)
C. (±, 0)
D. (0, ±)

Mathematics

Draw the angle having the given radian measure.-  

A.

B.

Mathematics

Simplify.log1212

A. 1
B. 0
C.
D. 12

Mathematics

Evaluate the logarithm, if possible. Round the answer to four decimal places.log (-17)

A. 2.8332 B. Does not exist C. 1.2304 D. 0.9843

Mathematics