The table shows the terms of a fixed-rate mortgage.

Which accurately describes the terms of this mortgage? Check all that apply.

A.) The homeowner is borrowing $360,000.

B.) The monthly interest rate is 4 percent.

C.) Monthly payments must be made for 30 years.

D.) The annual interest rate is 4.8 percent.

E.) The homeowner is borrowing $200,000.

F.) Monthly payments must be made for 360 years.

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5 May, 10:01

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Javon Orr · Answer 1

C. Monthly payments must be made for 30 years, D. the annual interest rate is 4.8 percent, E. the homeowner is borrowing $200,000