Alicia’s Clothing Goods just borrowed $2,350,000 to build a new shop. The mortgage calls for equal monthly payments at t

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Alicia’s Clothing Goods just borrowed $2,350,000 to build a new shop. The mortgage calls for equal monthly payments at t

Post by answerhappygod »

Alicia’s Clothing Goods just borrowed $2,350,000 to build a new
shop. The mortgage calls for equal monthly payments at the end of
each month. The loan is for 30 years at an APR of 7.25
percent. What is Alicia’s monthly payment?
$18,201.09
$18,525.00
$16,031.14
$20,887.78
$23,118.06
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”