samiemarshall345 samiemarshall345
  • 07-08-2019
  • Mathematics
contestada

the smiths took out a 30 year mortgage. how many monthly payments will they make on this mortgage

Respuesta :

lucic
lucic lucic
  • 07-08-2019

Answer:

360 monthly payments

Step-by-step explanation:

A single payment will be required every month to pay the mortgage.This will continue for 30 years.

Mathematically;

1 payment every month

1year=12 months

30 years=?

Cross -multiply

30×12=360 monthly payments

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