Use the Real Estate Amortization Table to Find the Monthly

question 11

Multiple Choice

Use the real estate amortization table to find the monthly payment for the loan.
-What is the monthly payment on a 30-year loan of $96,800 if the annual interest rate is 8%?

• A)$710.51
• B)$676.63
• C)$744.39
• D)$747.30

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Definitions:

Truth Table

A table that displays the truth values of a logical expression based on all possible combinations of truth values of its variables.

Atomic Sentences

Simplest types of statements that cannot be broken down into smaller parts while maintaining propositional meaning.

Atomic Sentences

Sentences that express a basic fact or idea without combining or including any logical operations or propositions.

Hypothetical Syllogism (HS)

A logical argument formed by two conditional statements and a conclusion that follows from chaining the conditionals together.