Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $267,000 at 10.8% for 15 yr. What is their monthly payment? Round the answer to the nearest cent.

A. $2403.00
B. $19,108.39
C. $3394.52
D. $3001.27


Answer: D

Mathematics

You might also like to view...

Solve.Find the focus and directrix of the parabola x2 - 8x + 4y + 32 = 0

A. F: (4, -3); D: y = -5
B. F: (4, -8); D: y = 0
C. F: ; D: y = - 
D. F: (4, -5); D: y = -3

Mathematics

Evaluate the integral. dt

A. 6 cos  + C
B. -cos  + C
C.  cos  + C
D. -  cos  + C

Mathematics

Find the number of subsets.{1, 2, 3, . . . , 8}

A. 16 B. 252 C. 256 D. 512

Mathematics

Translate the word statement into a percent proportion. Do not solve.48 is 96% of what number?

A.  = 
B.  = 
C.  = 
D.  = 

Mathematics