Ms. Zellner purchases an income producing property for $900.000 and finances 70% of the total. At an annual interest rate of 6.20%, 15 year amortization, what is her monthly debt service? O a. $5,384.61 Ob. $5,619.14 OC. $5,726.49 O d. $7,692.30
Ms. Zellner purchases an income producing property for $900.000 and finances 70% of the total. At an annual interest rate of 6.20%, 15 year amortization, what is her monthly debt service? O a. $5,384.61 Ob. $5,619.14 OC. $5,726.49 O d. $7,692.30
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Ms. Zellner purchases an income producing property for $900,000 and finances 70% of the total. At an
annual interest rate of 6.20%, 15 year amortization, what is her monthly debt service?
O a. $5,384.61
O b. $5,619.14
OC. $5,726.49
Od. $7,692.30
Moving to the next question prevents changes to this answer.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e403807-f4d9-4a95-8499-bbda320e04cb%2Fb2da13ea-8340-4d1d-a08c-79719a1d172d%2F8j30z4c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ms. Zellner purchases an income producing property for $900,000 and finances 70% of the total. At an
annual interest rate of 6.20%, 15 year amortization, what is her monthly debt service?
O a. $5,384.61
O b. $5,619.14
OC. $5,726.49
Od. $7,692.30
Moving to the next question prevents changes to this answer.
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