Calculate the Monthly Payment Due on a 30-Year, Fixed-Rate, $250,000

question 20

Multiple Choice

Calculate the monthly payment due on a 30-year, fixed-rate, $250,000 mortgage if the quoted interest rate is 4.8%. Round your answer to the nearest cent.

• A)$886.00
• B)$1,200.00
• C)$1,589.40
• D)$1,311.66

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