How Much Would the Monthly Payment Be on a Mortgage

question 128

Multiple Choice

How much would the monthly payment be on a mortgage of $250,000 for 30 years at a rate of 6.0%?

• A)$1,498.87
• B)$1,779.48
• C)$743.66
• D)$721.73
• E)$1,450.03

---

Definitions:

RFP Process

The procedure by which a company invites selected vendors or contractors to submit proposals on a specific product or service.

Value Creation

is the process through which businesses generate value for customers, shareholders, and society, often leading to competitive advantage.

Product Specification Stage

The phase in product development where detailed descriptions of a product's attributes, features, and performance criteria are defined.

B2B Buying Process

A series of steps that businesses follow when making a purchase from another business, including need recognition, product specification, vendor evaluation, and purchase decision.