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Author Question: A mortgage on a house is $160,000, the interest rate is 8%, and the loan period is 15 years. What is ... (Read 99 times)

JMatthes

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Question 1

A car loan is $1900, the interest rate is 6%, and the loan period is 2 years.  What is the monthly payment?
◦ $958.02
◦ $1018.23
◦ $84.85
◦ $164.18

Question 2

A mortgage on a house is $160,000, the interest rate is 8%, and the loan period is 15 years.  What is the monthly payment?
◦ $18,907.00
◦ $11,281.06
◦ $1575.58
◦ $13,955.17


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Marked as best answer by JMatthes on Jun 16, 2021

cat123

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JMatthes

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Reply 2 on: Jun 16, 2021
YES! Correct, THANKS for helping me on my review


okolip

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Reply 3 on: Yesterday
Wow, this really help

 

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