Kiến thức vay thế chấp chungCâu 166 / 400
A loan balance is $150,000 at an annual rate of 4.8%. How much of the next monthly payment is interest?
a.$720
b.$600
c.$500
d.$620
Giải thích
Monthly interest = $150,000 x (0.048/12) = $150,000 x 0.004 = $600. $720 uses 5.76%/12 incorrectly; the others do not match 0.4% per month.
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