Question
Suppose you have a 30-year, $140,000 mortgage with a contract rate of 6%. You make monthly payments. What is your total monthly payment on principal
Suppose you have a 30-year, $140,000 mortgage with a contract rate of 6%. You make monthly payments. What is your total monthly payment on principal and interest?
| A. | $798.35 | |
| B. | $839.37 | |
| C. | $1,181.40 | |
| D. | $1,440.06
| |
| E. | $1,576.54 |
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Handbook Of Financial Intermediation And Banking
Authors: Anjan V. Thakor, Arnoud Boot
1st Edition
0444515585, 978-0444515582
