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MMLU-Pro / 7775 / A homebuyer wishes to finance the purchase with a …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A homebuyer wishes to finance the purchase with a \$95,000 mortgage with a 20-year term. What is the maximum interest rate the buyer can afford if the monthly payment is not to exceed \$900?

category

math

options

  1. 10.00%
  2. 12.80%
  3. 7.50 %
  4. 11.99%
  5. 8.27 %
  6. 5.45%
  7. 9.73 %
  8. 8.95%
  9. 6.35%
  10. 10.85 %

src

scibench-diff

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Official source

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