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question 221

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Solve the problem. If necessary, use the table of monthly payments below. Round your answer to the nearest cent.
Monthly Payments to Repay Principal and Interest on a $1000 Mortgage Solve the problem. If necessary, use the table of monthly payments below. Round your answer to the nearest cent. Monthly Payments to Repay Principal and Interest on a $1000 Mortgage   -Find the monthly payment needed to amortize principal and interest for the following fixed-rate mortgage. Mortgage amount: $80,300 Term of mortgage: 20 years Interest rate: 10.5% A) $801.70 B) $774.91 C) $828.85 D) $758.18
-Find the monthly payment needed to amortize principal and interest for the following fixed-rate mortgage.
Mortgage amount: $80,300
Term of mortgage: 20 years
Interest rate: 10.5%


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