Question

10. Mike and Laura take out a 30-year loan of $250,000

with an interest rate of 6%. If they plan to pay it back
with monthly payments, what will be the amount of
each payment?
A) $7,761.95
C) $1,498.88
B) $2,488.76
D) $8,994.73

Answer 1

D I’m pretty sure bro