Amy and Jeffrey are applying for a home loan. The monthly payment must be $1400 or less and they want the lowest interest rate that fits this monthly payment. Which offer should they choose?

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asked Apr 13, 2017 22.1k views

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Amy and Jeffrey are applying for a home loan. The monthly payment must be $1400 or less and they want the lowest interest rate that fits this monthly payment.

Which offer should they choose?

Mathematics
middle-school

Rameez SOOMRO asked

by Rameez SOOMRO

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2 Answers

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They should choose the offer with the lowest interest rate and monthly payment under $1400.

Jordan Samuels answered Apr 16, 2017

by Jordan Samuels

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2 votes

$1400 less and they want the lowest interest rate that fits this monthly payment.

Luan Tran answered Apr 19, 2017

by Luan Tran

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