Real Estate Math
A Wisconsin borrower obtains a $180,000 mortgage at 4.5% for 30 years. Monthly PI factor is $5.07 per $1,000. What is the approximate monthly payment?
A$882.60
B$912.60✓ Correct
C$952.00
D$1,013.00
Explanation
Monthly payment = (180,000 / 1,000) × $5.07 = 180 × $5.
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