1 Year: 19
2 Years: 9.50
3 Years: 4.75
4 Years: 2.38 (2.375, but rounded)
Answer: 531 inches
Step-by-step explanation:
Answer:
5(1+x)
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:

Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:

So, the correct answer is B