What Will Be the Monthly Payment on a $75,000 30-Year

question 73

Multiple Choice

What will be the monthly payment on a $75,000 30-year home mortgage at 1% interest per month?

• A) $771.46
• B) $775.90
• C) $1,028.61
• D) $1,034.53

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Definitions:

Credits

Entries that increase liabilities or equity accounts, or decrease asset or expense accounts in accounting.

Wages Payable

An account that records the amounts owed to employees for work that has been performed but has not yet been paid.

Wages Expense

The total cost incurred by a company for paying hourly-based employee salaries.

Adalat

A brand name for Nifedipine, a medication used to treat high blood pressure and chest pain associated with angina.