Hazel Needs to Plan How Large a Mortgage She Can

question 19

Multiple Choice

Hazel needs to plan how large a mortgage she can afford. How much would she need to pay monthly on a mortgage of $200 000 at six percent interest, calculated semi-annually and amortized over 30 years?

• A)$555
• B)$1111
• C)$1199
• D)$1190

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