Ask Question
7 March, 15:59

you missed a monthly payment on your mortgage your monthly payment is $1278 your mortgage holder place is 5% penalty on all late monthly payments what is your total penalty cost

+3
Answers (2)
  1. 7 March, 18:16
    0
    Answer: $63.90

    Step-by-step explanation:

    $1,278 + 5% = $63.90
  2. 7 March, 19:14
    0
    Answer: $1342.35

    Step-by-step explanation: Not how most people would go about solving this, but what I did was divide 1278 by 100 to get how much 1% is. I then multiplied that by 5 to get the total of 5% of it. All i needed to do after that was add it onto 1278 giving me the answer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “you missed a monthly payment on your mortgage your monthly payment is $1278 your mortgage holder place is 5% penalty on all late monthly ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers