Nina takes a fixed-rate, 30-year loan with a monthly payment of $1,300.00. The amount financed was $180,000. What is the total amount of the loan? Select one: a. $248,000 b. d. $368,000 c. $288,000 d. $268,000
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Q) Nina takes a fixed-rate, 30-year loan with a monthly payment of $1,300.00. The amount financed was $180,000. What is the total amount of the loan?
Select one:
a. $248,000
b. d. $368,000
c. $288,000
d. $268,000
Note:-Not solve in excel works. Typed or handwriting use.
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