FinanceCâu 69 / 100
A borrower obtains a $300,000 loan at a 6% annual interest rate. What is the interest portion of the first monthly payment?
a.$1,200
b.$2,000
c.$1,800
d.$1,500
Giải thích
Annual interest is $300,000 x 0.06 = $18,000. Dividing by 12 months gives $1,500 of interest in the first month. In an amortized loan, interest is calculated on the outstanding balance, which is highest at the start.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
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