Mathematics, 07.10.2020 14:01, emmanuel180

10. Mike and Laura take out a 30-year loan of $250,000 with an interest rate of 6%. If they plan to pay it back
with monthly payments, what will be the amount of
each payment?
A) $7,761.95
C) $1,498.88
B) $2,488.76
D) $8,994.73

Answers: 2

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10. Mike and Laura take out a 30-year loan of $250,000 with an interest rate of 6%. If they plan to pay it back with monthly payments, what will be the amount of each payment? A) $7,761.95 C) $1,498.88 B) $2,488.76 D) $8,994.73

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Other questions on the subject: Mathematics

Questions in other subjects:

10. Mike and Laura take out a 30-year loan of $250,000 with an interest rate of 6%. If they plan to pay it back
with monthly payments, what will be the amount of
each payment?
A) $7,761.95
C) $1,498.88
B) $2,488.76
D) $8,994.73