Mathematics, 09.12.2020 21:50 AAlexis1429
A lending agency advertises in the paper an APR of 12% on a home mortgage with a term of 30 years. The ad claims that the monthly payment on a principal of $200,000 will be $20,570. Is this claim reasonable? What should the ad have said the payment would be (to the nearest dollar)?
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A lending agency advertises in the paper an APR of 12% on a home mortgage with a term of 30 years. T...
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