Question: which is correct? Abe Aster bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 11 1/2% on a 30-year

which is correct?

Abe Aster bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 11 1/2% on a 30-year mortgage, Abe's monthly payment is: Multiple Choice $1,423,80 $1,386.41 $1,367.80 $1.982,00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Abe bought a new split level for 200 000 Abe put down 30 Assuming a rate of 5 3 4 on a 30 year mortgage Abe s monthly payment is use the table in the handbook

TRUE/FALSE QUESTIONS: Subprime loans are very safe. Interest rates on mortgages do not vary from bank to bank. Graduated payments let the borrower pay more at the beginning of the mortgage and make...

1. Points represent: A. 2% of the amount of the loan B. Monthly payments C. An additional cost of receiving the mortgage D. 3% up-front payment E. None of these 2. Ben Brown bought a home for...

Abe Aster bought a new split level for $ 2 0 0 , 0 0 0 . Abe put down 3 0 % . Assuming a rate of 1 1 1 / 2 % on a 3 0 - year mortgage, Abe's monthly payment is ( use the table in the handbook ) :...

Abe Aster bought a new split level for $ 2 0 0 , 0 0 0 . Abe put down 3 0 % . Assuming a rate of 1 1 ( 1 ) / ( 2 ) % on a 3 0 - year mortgage, Abe's monthly payment is: Multiple Choice $ 1 , 4 2 3 ....

8. Marc bought a new split level for $200,000. Marc put down 30%. Assuming a rate of 11% on a 30-year mortgage, use the tables in the Business Math Handbook found on your student portal to determine...

Abe bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 5 3/4% on a 30-year mortgage, Abe's monthly payment is (use the table in the handbook): Multiple Choice $930.40 None of

Abe bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 5 3/4% on a 30-year mortgage, Abe's monthly payment is (use the table in the handbook): Multiple Choice None of these...

i am taking Cooperate finance which is FIN222 can help me to answer.. ? Tutorial 1 Topic 1 Chapter 1 4. What are the main advantages and disadvantages of organising a firm as a corporation? 6. You...

Part 1 1. Depreciation expense in the declining-balance method is calculated by the depreciation rate A. times book value at beginning of year. B. times accumulated depreciation at year end. C. plus...

Mr. Donald James is a very successful executive with a Canadian public company. During 2021, he had net and taxable income of $96,000, all of which was employment income. The following independent...

Why should authors of scientific journal articles be strategic with where they submit their papers to for possible publication? Select one: a. Because some journals require cash payments for...

Health insurance firms may be able to better manage patient care and services when: Group of answer choices Enrollees are able to visit any hospital they select and the insurance company pays 1 0 0 %...

Discuss the focus areas and the relationship between internal controls systems (ICS) and Enterprise Risk Management (ERM) and the application of continuous monitoring (CM) tools to improving these...