QUESTION 44

1. You borrowed $200,000 to buy a house. The annual interest rate is 7%. You are going to make monthly payments starting 1 month from today for 30 years. What is the monthly payment?

$1,234.2

$1,330.6

$1,731.7

$1,834.4

$2,220.5

1 points

QUESTION 45

1. In the above question, what is the remaining balance of the loan after 20 years' payments?

$114,600

$133,238

$151,195

$155,321

$165,983