Approximately annual payments of the loan, Finance Basics

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Approximately annual payments of the loan

You have been approved for a $70,000 loan toward the purchase of a new home at 10% interest. The mortgage is for 30 years. How much are the approximately annual payments of the loan? Hint: Assume you pay yearly.

A) $7425

B) $8690

C) $5740

D) None of the above

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Finance Basics: Approximately annual payments of the loan

Reference No:- TGS053435

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Finance Basics: Approximately annual payments of the loan

Reference No:- TGS053435

Recent Questions Asked Finance Basics

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