Question

In order to purchase a​ home, a family borrows​ $267,000 at​ 10.8% for 15 yr. What is the monthly house payment necessary to amortize the​ loan? Round the answer to the nearest cent.

Answer 1

Thank you for posting your question here at brainly. Below are the choices that can be found elsewhere:

a)$3,394.52 

b)$2,403.00 

c)$3,001.27 

d)$19,108.39

the monthly house payment necessary to amortize the​ loan is letter C which is $3,001.27 . I hope the answer will help you.