the smiths took out a 30 - year mortgage. how many monthly payments will they have to make on this mortgage…
the smiths took out a 30 - year mortgage. how many monthly payments will they have to make on this mortgage? a) 36 b) 360 c) 120 d) 12
Answer
Answer:
B. 360
Explanation:
Step1: Recall months - year conversion
1 year has 12 months.
Step2: Calculate total months
30 years $\times$ 12 months/year = 360 months.