Register
Sonia has a 5.8% fixed rate 20-year mortgage in the amount of $275,000. The total cost of principal and interest is about $465,262. Which of the following is closest to Sonia's monthly payment?
108k views
5 votes
Sonia has a 5.8% fixed rate 20-year mortgage in the amount of $275,000. The total cost of principal and interest is about $465,262. Which of the following is closest to Sonia's monthly payment?

User Al Berger
by
8.3k points

1 Answer

3 votes
$465,262 / 240 (12 x 20) = 1983.5 = $1,939


User Aashtonk
by
7.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.4m questions

11.0m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!