Answer:
$792.50
Step-by-step explanation:
As the mortgage rate is 3.75% APR , One has to pay 3.75% of the amount of home in a year as Interest .
Amount of home = $253,600.00
One year interest one has to pay in a year = [tex]\frac{3.75}{100}[/tex]×253,600
= $9510.
So, In one month , he has to pay amount $[tex]\frac{9510}{12}[/tex] .
= $792.5.
Answer:
792.50 C
Step-by-step explanation:
I just took the test.
The next answer is D. $707.50
