Question 44

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 Question

45

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 Question