Register
Bob and Alice have a mortgage for $73,280. If the mortgage is set at 7 percent for 30 years, how much is their monthly payment if their rate is 6.75 per 1,000? A) $494.64 B) $91,647 C) $243.64 D) $473.
179k views
3 votes
Bob and Alice have a mortgage for $73,280. If the mortgage is set at 7 percent for 30 years, how much is their monthly payment if their rate is 6.75 per 1,000?

A) $494.64
B) $91,647
C) $243.64
D) $473.34

User Thndrkiss
by
7.8k points

1 Answer

1 vote
Hi there

First find the number of thousands on 73280
73,280÷1,000
=73.28
now find the monthly payment (6.75 per thousand) so
73.28×6.75
=494.64.....answer

Hope it helps
User KeizerBridge
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m 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!