the progressive insurance ad campaign knows that the average person in the target market is exposed to the message 13 times in
1 answer:
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The monthly mortgage payment including principal and interest is $1,936.25
Explanation:
PV = (1 - 0.20) × $325,000 = $260,000
r = 0.041 / 12
t = 15 * 12 = 180
C = $260,000 ÷ [1 - {1 / (1 + 0.041 / 12)∧180} / (0.041 / 12)]
C = $1,936.25
The monthly mortgage payment including principal and interest is $1,936.25