Calculate the Amount of Monthly Payment for Principal and Interest

question 196

Multiple Choice

Calculate the amount of monthly payment for principal and interest for a $250,000 home with 20 percent down and a 7.5 percent,30-year loan.The payment per $1,000 debt under these terms is $6.9921.

• A)$1,748
• B)$1,573
• C)$1,398
• D)$349

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Definitions:

We-viewpoint

The we-viewpoint is a communication strategy that emphasizes inclusivity and team-oriented perspectives, often used to create a sense of unity and shared goals.

Goodwill

An intangible asset that represents the value of a business's reputation, brand, and customer relations.

Topic

The subject or theme that is being discussed or addressed in a conversation, piece of writing, or study.

Emphasize

To give special importance or prominence to something within a communication context.