Question
a mortgage with $85,000 loan amount, monthly payments; a quoted rate of 5.0% compounded quarterly, 25 year amortization, and a 5 year term. What is
a mortgage with $85,000 loan amount, monthly payments; a quoted rate of 5.0% compounded quarterly, 25 year amortization, and a 5 year term. What is the amount of the payment?
a. $ 475.89
b. $ 495.88
c. $ 653.08
d. $ 494.37
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Foundations In Personal Finance
Authors: Dave Ramsey
College Edition
1936948001, 978-1936948000
