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
This problem is an example of an arithmetic series.
The common difference of the second term (15) with the first term (9) and the third term (21) with the second term (15) [15-9=6; 21-15=6] is 6.
The formula for solving this is:
An= A1 +(n-1)*d where An is the nth term, A1 is the first term, n is the number of terms and d is the common difference.
An=9+ (31-1)*6 = 189
The answer is 189.
Answer:
Option : A
Step-by-step explanation:
Hope it helps you!