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23 October, 09:40

you missed a monthly payment on your mortgage your monthly payment is $1278 your mortgage holder place is 5% penalty on all late monthly payments what is your total penalty cost

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Answers (2)
  1. 23 October, 10:17
    0
    Answer: $63.90

    Step-by-step explanation:

    $1,278 + 5% = $63.90
  2. 23 October, 10:41
    0
    Answer: $1342.35

    Step-by-step explanation: Not how most people would go about solving this, but what I did was divide 1278 by 100 to get how much 1% is. I then multiplied that by 5 to get the total of 5% of it. All i needed to do after that was add it onto 1278 giving me the answer.
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