You are taking out a $100,000 mortgage loan to be repaid over 25 years in 300 monthly payments. (a) If the interest rate is 16% per year what is the amount of the monthly payment?(b) If you can only afford to pay $1000 per month, how large a loan could you take? (c) If you can afford to pay $1500 per month and need to borrow $100,000, how many months would it take to pay off the mortgage?(d) If you can pay $1500 per month, need to borrow $100,000, and want a 25 year mortgage, what is the highest interest rate you can pay?
A、(a) $1358.89; (b) $73,590; (c) 166; (d) 1.582% per month;
B、(a) $1368.89; (b) $73,590; (c) 176; (d) 1.482% per month;
C、(a) $1358.89; (b) $75,590; (c) 166; (d) 1.482% per month;
D、(a) $1358.89; (b) $73,590; (c) 166; (d) 1.482% per month
发布时间：2025-07-21 21:48:18
