Question: One calculation question for practice. What is the monthly payment on a 30-year fixed rate morigage with an annual rate of 5.5% and a balance

 One calculation question for practice. What is the monthly payment on
a 30-year fixed rate morigage with an annual rate of 5.5% and

One calculation question for practice. What is the monthly payment on a 30-year fixed rate morigage with an annual rate of 5.5% and a balance of $200,000 ? Please enter the amount in dollars but without the dollar sign. I recommend keeping 2 decimal places in your answer, oven though it's not always necessary since Blackboard will accept answers within 2% margin of error. If you round your intermediate calculations, keep at least 4 decimal places in all your intermediate calculations (this is especially important for the monthly intorest rate). For example, if you got \$1234.5678, onter 1234,57 or 1,234,57 (Blackboard ignores commas), Do not enter "\$1234.5678* or "1234,5678 dollars" or "1234,57". If the correct anwwer is indeed 1234.57, then Blackboard will accept all answers between 1234.57.98=1209.88 and 1234.571,02=1,259.26. For example, the rounded answer 1235 will be accepted, but 1200 will not be accepted. One calculation question for practice. What is the monthly payment on a 30 -year fixed rate mortgage with an annual rate of 5.5% and a balance of $200,000 ? Please enter the amount in dollars but without the dollar sign. I recommend keeping 2 decimal places in your answer, even though it's not always necessary since Blackboard will accept answers within 2% margin of error. If you round your intermediate calculations, keep at least 4 decimal places in all your intermediate calculations (this is especially important for the monthly interest rate). For example, if you got \$1234.5678, enter 1234.57 or 1,234.57 (Blackboard ignores commas). Do not enter "\$1234.5678" or "1234.5678 dollars" or "1234,57". If the correct answer is indeed 1234.57 , then Blackboard will accept all answers between 1234.57.98=1209.88 and 1234.571.02=1,259.26. For example, the rounded answer 1235 wil be accepted, but 1200 will not be accepted

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