A family is purchasing a house and needs to finance a $195,000 mortgage from the bank with an annual percentage rate (APR) of 5.3%. The family is financing it over 30 years and making monthly payments. What is the monthly payment?

$541.67

$860.25

$1082.84

$1242.25

Question

14 October, 17:51

+4

Answers (2)

Know the Answer?

Sharon Choi · Answer 1

I think the answer is A if not I'm sorry but I'm positive it is!

Toby Charles · Answer 2

1.$1082.84

2.$389,822

3.450.71

Step-by-step explanation:

took the test with a 100

A family is purchasing a house and needs to finance a $195,000 mortgage from the bank with an annual percentage rate (APR) of 5.3%. The family is financing it over 30 years and making monthly payments. What is the monthly payment?$541.67$860.25$1082.84$1242.25