Question
John is buying a home with a $120,000 mortgage using a 6.5% 15 year loan. if the payment for $1,000 debt under these terms is
John is buying a home with a $120,000 mortgage using a 6.5% 15 year loan. if the payment for $1,000 debt under these terms is $8.711 how much is a monthly payment?
A) $2010
B) $791
C) $1045
D) $667
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Get StartedRecommended Textbook for
Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
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