Solve the problem using the amortization table when necessary.AMORTIZATION (PRINCIPAL AND INTEREST PER THOUSAND DOLLARS)
The Montgomerys borrowed $111,000 at 10% for 30 years to purchase a house. Find the monthly payment and the sum of the principal and interest charges.
A. $974.58, $350,848.80
B. $893.55, $321,678.00
C. $1008.99, $363,236.40
D. $9745.80, $3,508,488.00
Answer: A
Mathematics
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