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Question : 87) What is the monthly payment on a 15-year loan of : 2139044

**MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.**

**Use the real estate amortization table to find the monthly payment for the loan.**

87) What is the monthly payment on a 15-year loan of $93,900 if the annual interest rate is 7%?

A) $ 870.45

B) $ 844.16

C) $ 750.26

D) $ 727.73

88) What is the monthly payment on a 20-year loan of $68,400 if the annual interest rate is 4 1/2%?

A) $ 523.26

B) $ 380.30

C) $ 414.50

D) $ 432.97

89) What is the monthly payment on a 10-year loan of $67,400 if the annual interest rate is 6%?

A) $ 568.86

B) $ 748.14

C) $ 482.58

D) $ 756.90

90) What is the monthly payment on a 30-year loan of $63,000 if the annual interest rate is 7 1/2%?

A) $ 441.00

B) $ 462.42

C) $ 465.57

D) $ 425.25

91) What is the monthly payment on a 20-year loan of $57,600 if the annual interest rate is 8%?

A) $ 482.11

B) $ 550.66

C) $ 499.97

D) $ 464.26

92) What is the monthly payment on a 15-year loan of $101,300 if the annual interest rate is 5%?

A) $ 1,074.79

B) $ 774.95

C) $ 668.58

D) $ 801.28

93) What is the monthly payment on a 25-year loan of $93,700 if the annual interest rate is 5 1/2%?

A) $ 644.66

B) $ 765.53

C) $ 575.32

D) $ 548.15

94) What is the monthly payment on a 30-year loan of $106,600 if the annual interest rate is 7%?

A) $ 826.15

B) $ 708.89

C) $ 753.66

D) $ 745.13

95) What is the monthly payment on a 25-year loan of $101,300 if the annual interest rate is 7 1/2%?

A) $ 716.19

B) $ 708.09

C) $ 816.48

D) $ 748.61

96) What is the monthly payment on a 30-year loan of $96,800 if the annual interest rate is 8%?

A) $ 676.63

B) $ 744.39

C) $ 710.51

D) $ 747.30