you borrow $80,000 to build a house. The interest rate on your loan is 1% per month and you will make a total of 72 monthly payments. What is your monthly payment? O a. $2324 O b. $1372 O c. $1568 O d. $2656
you borrow $80,000 to build a house. The interest rate on your loan is 1% per month and you will make a total of 72 monthly payments. What is your monthly payment? O a. $2324 O b. $1372 O c. $1568 O d. $2656
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:you borrow $80,000 to build a house. The
interest rate on your loan is 1% per month and
you will make a total of 72 monthly payments.
What is your monthly payment?
a. $2324
O b. $1372
O c. $1568
O d. $2656
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