Search for question
Question

17. Let's assume that a $450,000 monthly mortgage has a debt service of$3,105.78. If the amortization period is 25 years, what is the interest rate on this mortgage? А. 4.4%

В. 6.6% C. 6.74% D. 5.3%

Fig: 1

Fig: 2

Fig: 3

Fig: 4

Fig: 5