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Author Question: Corrine has a 15-year mortgage loan of $60,000 with an interest rate of 7.2%. How much interest will ... (Read 88 times)

bucstennis@aim.com

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on: May 5, 2020

Question 1

Suppose you need to take out a 15-year home mortgage loan of $90,000. The annual interest rate for a 15-year mortgage at your bank is 5.4.% compounded monthly. Find the monthly mortgage payment for this loan. Round your answer to the nearest cent.
◦ $649.43
◦ $738.73
◦ $656.65
◦ $735.38
◦ $730.61

Question 2

Corrine has a 15-year mortgage loan of $60,000 with an interest rate of 7.2%. How much interest will she pay over the life of the loan? Round your answer to the nearest dollar.
◦ $39,000
◦ $36,285
◦ $38,785
◦ $38,285
◦ $38,000
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by bucstennis@aim.com on May 5, 2020

T4T

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Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bucstennis@aim.com

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Reply 2 on: May 5, 2020
Wow, this really help

ryhom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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