1 what are the monthly payments for a 100000 mortgage, Ask an Expert

Finance

1. What are the monthly payments for a $100,000 mortgage amount, 8 percent interest rate, and a 30-year term?

A - 8,883

B - 740

C - 734

D - 8,000

2. You are borrowing $10,000 to purchase a car. You plan to make monthly payments for 24 months, and the interest rate is 12%. What is your monthly payment?

A - 471

B - 1,285

C - 371

D - 5,075

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92843295

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