Toni takes out a 30-year mortgage loan for $146,000. Her fixed annual interest rate is 4.3% compounded monthly Which equation correctly calculates Toni's monthly mortgage payment? 146,000-0.043 M 121-(1+: -12-30 0.043 12 146,000-0.043 М — 121-(1-) -12 0.043 146,000-0.043 M = 121-() -12 0.043 146,000-0.043 M = -12-30 0.043 12 1-

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Toni takes out a 30-year mortgage loan for $146,000. Her fixed annual interest rate is 4.3% compounded monthly.
Which equation correctly calculates Toni's monthly mortgage payment?
146,000-0.043
М
12|1-(1+)
-12-30
0.043
146,000-0.043
M
12/1-(1+ )"]
0.043
146,000-0.043
M =
12{1-()"]
0.043
146,000-0.043
M
-12-30
0.043
12 1-
Transcribed Image Text:Toni takes out a 30-year mortgage loan for $146,000. Her fixed annual interest rate is 4.3% compounded monthly. Which equation correctly calculates Toni's monthly mortgage payment? 146,000-0.043 М 12|1-(1+) -12-30 0.043 146,000-0.043 M 12/1-(1+ )"] 0.043 146,000-0.043 M = 12{1-()"] 0.043 146,000-0.043 M -12-30 0.043 12 1-
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