sherritafinch sherritafinch

16-02-2018
Mathematics

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Sonia has a 5.8% fixed rate 20-year mortgage in the amount of $275,000. The total cost of principal and interest is about $465,262. Which of the following is closest to Sonia's monthly payment?

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16-02-2018

$465,262 / 240 (12 x 20) = 1983.5 = $1,939

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