If you're buying a home at $150,000 with an interest rate of 6%, and you...
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Accounting
If you're buying a home at $150,000 with an interest rate of 6%, and you do not want your monthly payments over $900 per month, how many years should your loan be?
A. 10 years (Amortized at $8.44)
B. 20 years (Amortized at $7.17)
C. 25 Years (Amortized at $6.45)
D. 30 Years (Amortized at $6.00)
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