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The Smiths took out a 30-year mortgage. How many monthly payments will they have to make on this mortgage? A. 120 B. 360 C. 12 D. 36

The Smiths took out a 30-year mortgage. How many monthly payments will they have to make on this mortgage? A. 120 B. 360 C. 12 D. 36
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3 votes
The Smiths took out a 30-year mortgage. How many monthly payments will they have to make on this mortgage?

A. 120
B. 360
C. 12
D. 36

asked
User Garpitmzn
by
8.6k points

1 Answer

3 votes
There are 12 months in a year and they are paying for 30 years, so 30*12 is 360
answered
User Heymega
by
7.4k points
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