Answered

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The total monthly payment Demarco and Tanya should anticipate is $1,700. $669. $877. $1,200.

Sagot :

Answer:$877

Explanation:

Lanuel

The total monthly payment Demarco and Tanya should anticipate is equal to: C. $877.

How to calculate monthly payment?

Mathematically, the monthly payment on a fixed rate mortgage can be calculated by using this formula:

[tex]M=P(\frac{r}{1-(1+r)^{-nt}} )[/tex]

Where:

  • P is the principal or starting amount.
  • r is the interest rate.
  • M is the monthly payment.
  • t is the time.
  • n is the number of times it's compounded.

In this scenario, $877 is the amount of money that should be anticipated by Demarco and Tanya as their total monthly payment for a fixed rate mortgage offer.

Read more on interest rate here: https://brainly.com/question/24341207

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