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24 February, 17:26

A family is purchasing a house and needs to finance a $195,000 mortgage from the bank with an annual percentage rate (APR) of 5.3%. The family is financing it over 30 years and making monthly payments. What is the monthly payment?

$541.67

$860.25

$1082.84

$1242.25

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Answers (2)
  1. 24 February, 19:10
    0
    1.$1082.84

    2.$389,822

    3.450.71

    Step-by-step explanation:

    took the test with a 100
  2. 24 February, 20:26
    0
    I think the answer is A if not I'm sorry but I'm positive it is!
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