Mathematics, 20.02.2020 06:46 meccadm
Anissa is considering buying her first home. The house she is interested in buying is priced at $125,000. Anissa qualifies for a 30-year mortgage at 6%. What will her monthly mortgage payment be?
A) $629.53
B) $697.87
C) $805.23
D) $749.44
Answers: 2
![EMI=\frac{P\timesr\times(1+r)^{n}}{[(1+r)^{n}-1]}](/tpl/images/0517/0539/25847.png)
![EMI=\frac{P\times r\times(1+r)^{n}}{[(1+r)^{n}-1]}=\frac{125000\times 0.005\times(1+0.005)^{360}}{[(1+0.005)^{360}-1]}=\frac{3764.11}{5.023}= 749.4381\approx749.44](/tpl/images/0517/0539/206b4.png)
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Anissa is considering buying her first home. The house she is interested in buying is priced at $125...
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