You are purchasing a home for $150,000 at a 4% APR.  Your loan period is 360 months.  If you make payments of $1,150, how long will it take you to repay your entire loan?     130 months     197 months     202 months     156 months     171 months 2.

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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1. 

  1. You are purchasing a home for $150,000 at a 4% APR.  Your loan period is 360 months.  If you make payments of $1,150, how long will it take you to repay your entire loan?

       

    130 months

       

    197 months

       

    202 months

       

    156 months

       

    171 months

    2. 

    1. You are purchasing a home for $150,000 at a 4% APR.  Your loan period is 360 months.  If you make payments of $1,150, how long will it take you to repay your entire loan?

         

      130 months

         

      197 months

         

      202 months

         

      156 months

         

      171 months

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