The table shows the terms of a fixed-rate mortgage.

Which accurately describes the terms of this mortgage? Check all that apply.

A.) The homeowner is borrowing $360,000.

B.) The monthly interest rate is 4 percent.

C.) Monthly payments must be made for 30 years.

D.) The annual interest rate is 4.8 percent.

E.) The homeowner is borrowing $200,000.

F.) Monthly payments must be made for 360 years.

Question

Adriel Cantrell

25 August, 14:46

+5

Answers (1)

Know the Answer?

India · Answer 1

C. Monthly payments must be made for 30 years, D. the annual interest rate is 4.8 percent, E. the homeowner is borrowing $200,000