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Mackenzie borrows $300,000 from the bank on a 30 year mortgage. She is given an interest rate of 5.125% APR. How much will her monthly payment be in principal and interest? Ques…

Mackenzie borrows $300,000 from the bank on a 30 year mortgage. She is given an interest rate of 5.125% APR. How much will her monthly payment be in principal and interest? Ques…
asked 7.6k views
2 votes
Mackenzie borrows $300,000 from the bank on a 30 year mortgage. She is given an interest rate of 5.125% APR. How much will her monthly payment be in principal and interest?

Question 1 options:

988.18


1633.46


1699.11


1689.21


1755.29

asked
User Wfgeo
by
8.0k points

1 Answer

6 votes

Answer:1633.46

Step-by-step explanation:

answered
User Yury Tarabanko
by
8.3k points
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