Question
In: Finance
You are considering the purchase of a home priced at $175,000, using 15% down.
You are considering the purchase of a home priced at $175,000, using 15% down. The rest will be financed at 4.29% over 360 months. What is your monthly payment expected to be?
A) $853
B) $1,187
C) $735.25
D) $556.79
14) For the loan in #13, what is the loan constant?
A) 5.93%
B) 4.29%
C) 8.17%
D) 6.77%
15) If there were 2 points and $790 in fees to the lender to be paid to obtain the interest rate in problem #13, what would be the APR of the loan?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
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