John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 equal annual payments, what is the amount of each payment（）
A: $21,796.14
B: $10,500.00
C: $16,882.43
D: $24,327
A: $21,796.14
B: $10,500.00
C: $16,882.43
D: $24,327
举一反三
- An individual borrows $200000 to buy a house with a 30-year mortgage requiring payments to be made at the end of each month. The interest rate is 8 percent, compounded monthly. What is the monthly mortgage payment（） A: $ 1480.46. B: $ 1467.53. C: $ 2142. 39.
- Which of the<br/>following is true of a non-recourse mortgage? ( ) A: The house buyer,<br/>if unable to make payments, can lose all his or her possessions B: The house buyer<br/>has an American-style put option on the house C: The house buyer<br/>has a European-style put option on the house D: The lender is<br/>less likely to lose money on the mortgage
- If the nominal interest rate per year is 10 percent and the inflation rate is 4 percent, what is the real rate of interest? A: 10.0 percent B: 4.1 percent C: 5.8 percent D: 14.0 percent
- A 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate.（ ）
- Which of the following are true of mortgages? A: A mortgage is a long-term loan secured by real estate B: A borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity C: Over 72 percent of mortgage loans finance residential home purchases D: All of the above are true of mortgages