MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A lending agency advertises in the paper an APR of 12% on a home mortgage with a term of 30 years. The ad claims that the monthly payment on a principal of $260,000 will be $26,740. Is this claim reasonable? What should the ad have said the payment would be to the nearest dollar)? The ad should have said that the monthly payment is $2,000. The claim is reasonable. The ad was correct to say that monthly payment is $26,740, The ad should have said that the monthly payment is $260,000. The ad should have said that the monthly payment is $2,674