Abe Aster Bought a New Split Level for $200,000

question 43

Multiple Choice

Abe Aster bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 11 1/2% on a 30-year mortgage, Abe's monthly payment is:

• A) $1,423.80
• B) $1,386.41
• C) $1,367.80
• D) $1,982.00
• E) None of these