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.
A: $ 1480.46.
B: $ 1467.53.
C: $ 2142. 39.
举一反三
- A 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate.（ ）
- 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
- 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
- The duration of a ten - year, 10 percent coupon bond when the interest rate is 10 percent is 6.76 years. What happens to the price of the bond if the interest rate falls to 8 percent?
- 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