Mathematics: Bob and alice have a mortgage for $73,280. if the mortgage is set at seven percent for 30 years how much is their monthly payment if the rate is 6.75 per $1000?

Bob and alice have a mortgage for $73,280. if the

conner87

02.06.2020

$494.64 is the answer

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danny5598

15.03.2022

The monthly payment is $494.64.

Step-by-step explanation:

Bob and Alice have a mortgage for $73,280.

The rate is 6.75 per $1000

So, lets find the number of thousands in $73280.

$\frac{73280}{1000}=73.280$

So, we have the monthly payment (6.75 per thousand) as :

$73.28\times6.75$

= $494.64

Hence, the monthly payment is $494.64.

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TeenageKicks9800

11.07.2021

It has two sides that are parallel.

It has only one right angle.

It is a trapezoid.

Step-by-step explanation:

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