Answered

IDNLearn.com offers a collaborative platform for sharing and gaining knowledge. Join our Q&A platform to receive prompt and accurate responses from knowledgeable professionals in various fields.

The total monthly payment Demarco and Tanya should anticipate is $1,700. $669. $877. $1,200.

Sagot :

Answer:$877

Explanation:

Lanuelidn

The total monthly payment Demarco and Tanya should anticipate is equal to: C. $877.

How to calculate monthly payment?

Mathematically, the monthly payment on a fixed rate mortgage can be calculated by using this formula:

[tex]M=P(\frac{r}{1-(1+r)^{-nt}} )[/tex]

Where:

  • P is the principal or starting amount.
  • r is the interest rate.
  • M is the monthly payment.
  • t is the time.
  • n is the number of times it's compounded.

In this scenario, $877 is the amount of money that should be anticipated by Demarco and Tanya as their total monthly payment for a fixed rate mortgage offer.

Read more on interest rate here: https://brainly.com/question/24341207

#SPJ2

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.