Calculate the Amount of Monthly Payment for Principal and Interest

question 203

Multiple Choice

Calculate the amount of monthly payment for principal and interest for a $195,000,8 percent,25-year loan.The payment per $1,000 debt under these terms is $7.7182.

• A)$933
• B)$1,214
• C)$1,300
• D)$1,505

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Definitions:

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Streams of molten rock that pour or ooze from an erupting vent, cooling and solidifying as they move.

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A romantic relationship between two individuals working in the same organization, which can raise concerns regarding professionalism, ethics, and potential conflicts of interest.

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The use of internet-based platforms and websites that enable users to interact, share information, and create communities based on shared interests or connections.