Use the Real Estate Amortization Table to Find the Monthly

question 71

Multiple Choice

Use the real estate amortization table to find the monthly payment for the loan.
-What is the monthly payment on a 15-year loan of $93,900 if the annual interest rate is 7%?

• A)$727.73
• B)$844.16
• C)$870.45
• D)$750.26

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