Question List 4 5 6 7 8 9 10 Return to Site (1 of 10) What is the monthly payment on a 30-year fully amortized loan of $400,000 with an interest rate (APR) of 5.00%? $1,967.76 $2.026.74 $2,086.59 $2,147.29 $2,208.81 Note: Clicking any button other than the Save Answer button will NOT save any changes to your answers! SAVE ANSWER SKIP QUESTION FAM FINISHED/SUBMIT FOR GRADE 30 888 4 3 # 3 2 $ 4 5 & 7 6 8 9 0 W E R T Y U S D F H L X c V B N M 2 3 (2 of 10) Return to Site You borrow $200,000 for 16 years at 6% APR with monthly payments. What is the total interest paid over the life of the loan? $103,787.80 $111,592.96 $119,505.16 $127,526.12 $135,653.85 Noter Cucking any button other than the Save Answer button will NOT save any changes to your answers SAVE ANSWER SKIP QUESTION LAM FINISHED/SUBMIT FOR GRADE go F 888 29 IN 4 # NO $ 4 % 5 & * 3 8 W E R T Y U O S D D F G H X 9 10 5 16 17 18 Return to Site (4 of 10) Consider a 20-year loan for $200,000 with annual payments of interest plus equal principal reduction. What is the first year's payment amount if the interest rate is 3%? $16,000 $18,000 $20,000 $22,000 $24,000 Note: Clicking any button other than the Save Answer button will NOT save any changes to your answers! SAVE ANSWER SKIP QUESTION I AM FINISHED/SUBMIT FOR CRADE ** 30 II yo # 3 A 2 $ 4 % 5 6 & 7 8 0 W E R T T Y U O S F H. Je L C VIR AL Mail-hrussel 210 hh Buy Xbox Live Gol watch Free Loans gov M Missouri State Uni Transition Words 11:19 10 (5 of 10) Return to Site Consider an interest-only loan with an interest rate of 6% and monthly payments. What is the monthly payment if the loan amount is $300,000? $1,000 $1,500 $2,000 $2,500 $3,000 Note: Clicking any button other than the Save Answer button will NOT save any changes to your answers! SAVE ANSWER SKIP QUESTION I AM FINISHED/SUBMIT FOR GRADE 90 888 * -' 2 # 3 $ 4 % 5 6 7 8 9 W E R T Y Y U OP S DF G H J L V B N M