Use the Real Estate Amortization Table to Find the Monthly

question 14

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 $101,300 if the annual interest rate is 5%?

• A)$774.95
• B)$668.58
• C)$1,074.79
• D)$801.28

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