Marie is purchasing a $105,000 home with a 30 year mortgage at 5.25%. what’s her monthly principal and interest payment?
a. $414.73
b. $503.23
c. $556.09
d. $579.81

Her monthly principal payment is D: $579.81 and monthly interest payment is 0.4375.

Step-by-step explanation:

Ok, in order to calculate the monthly principal and interest payment, we can use this relatively simple equation. The equation is:

Where variables represent the following:

M is your monthly payment.

P is your principal.

r is your monthly interest rate, calculated by dividing your annual interest rate by 12.

n is your number of payments (the number of months you will be paying the loan throughout the 30 years)

Then, in this case:

M=?

P=$105,000

5.25%=5.25/100=0.0525, then

So, $

Solving this,

$

$

$

$

Her monthly principal payment is $579.81.

ok

step-by-step explanation:

answer: yard ramps with a level off platform are typically 36 feet long. truck, rather than at an angle, enabling access to those pallets at the very back of the truck. if you are using your yard ramp to convert a loading dock into a drive-in door, we even at 60 inches (5 feet) high and a 30 foot ramp, the slope of the ramp will be less

step-by-step explanation: