Business

27 April, 00:13

Ricky has purchased a $157,000 home with a 30-year mortgage at 5.15%. He

can make a monthly payment of $1100. If he were to make this payment each

month how long will it take him to pay off his mortgage?

O A. 197 months

O B. 222 months

O c. 300 months

O D. 212 months

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Ricky has purchased a $157,000 home with a 30-year mortgage at 5.15%. He can make a monthly payment of $1100. If he were to make this ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

What is the best way to encourage customers to come back to your site? A. Stalk them B. use direct mail. C. post viral videos d. treat them like there special

You work for a company that manufactures prescription eyeglasses and want to create a piece of content for your buyer persona.

Outside the large cluster of mon-khmer speakers in vietnam, laos, cambodia, and thailand, in which of these places are mon-khmer speakers found?

Kyle's document has been revised by three reviewers: isaac, eduardo, and felicity. at the moment, kyle wants to look at the revisions that only isaac made to the document. what sequence of commands should kyle take to do this?

If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of $1.50, and selling its output at $7 per unit, total profit is Group of answer choices a) $1,500. b) $2,500. c) $250.

New Questions in Business

Under what circumstances is it advantageous for a taxpayer to make a nondeductible contribution to a traditional IRA rather than a contribution to a Roth IRA? Tax Payer Status Maximum AGI limit Starting phase out limit a. Married filing joint b.

A production department's output for the most recent month consisted of 9,400 units completed and transferred to the next stage of production and 6,400 units in ending Work in Process inventory.

Sharon Silver is an attorney in Los Angeles. Silver uses the directâ write-off method to account for uncollectible receivables. At April 30 comma 2018â, Silverâ's accounts receivable totaled $ 22 comma 000.

A short-term note payable with no stated rate of interest should be! a. recorded at maturity value. b. recorded at the face amount. c. discounted to its present value. d. reported separately from other short-term notes payable.

In the context of the EOQ model, the term "sawtooth" refers to which of the following? a. How aggressively managers are able to cut inventory levels. b. The pattern of inventory consumption and replenishment over time. c.