Which of the Following Sections of Code Will Calculate the Monthly

question 15

Multiple Choice

Which of the following sections of code will calculate the monthly payment for a $150,000 house with a 30 year mortgage at an annual rate of 5.5%, and assign the result to dblMPay?

• A) Dim dblAIntRate as Double = 5.5
• Dim dblLoanAmt as Double = 150000
• Dim intYears as Integer = 30
• Dim dblMPay as Double
• DblMPay = Pmt(dblAIntRate / 12, intYears * 12, -dblLoanAmt)
• B) Dim dblAIntRate as Double = 5.5
• Dim dblLoanAmt as Double = 150000
• Dim intYears as Integer = 30
• Dim dblMPay as Double
• DblMPay = Pmt(dblAIntRate, intYears, -dblLoanAmt)
• C) Dim dblAIntRate as Double = 5.5
• Dim dblLoanAmt as Double = 150000
• Dim intYears as Integer = 30
• Dim dblMPay as Double
• DblMPay = Pmt(dblAIntRate / 12, intYears, -dblLoanAmt)
• D) Dim dblAIntRate as Double = 5.5
• Dim dblLoanAmt as Double = 150000
• Dim intYears as Integer = 30
• Dim dblMPay as Double
• DblMPay = Pmt(dblAIntRate, intYears * 12, -dblLoanAmt)

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Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

College Graduates

Individuals who have completed a degree program at a college or university.

Property Income

Income from property ownership, including rentals, dividends from investments in real estate, and interest on property savings.

Middle Class

The Middle Class refers to the social group between the upper and working classes, including professionals, managers, and skilled workers, characterized by moderate to above-average income levels.