Connect with a community of experts and enthusiasts on IDNLearn.com. Find the information you need quickly and easily with our comprehensive and accurate Q&A platform.

A mortgage has an initial balance of $150,000 and is charged 5% yearly interest applied monthly. If a person makes a payment of $1000 each month, which of the following is closest to the mortgage balance after 3 months of payments?
(1) $145,165
(2)$147,520
(3)$148,160
(4)$148,870


Sagot :

the answer is 4 :)))
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. Thank you for visiting IDNLearn.com. We’re here to provide accurate and reliable answers, so visit us again soon.