Question # 47

A buyer obtains a $200,000 mortgage with an interest rate of 6% per year. What is the annual interest payment?

Options:

A.

$12,000

B.

$6,000

C.

$20,000

D.

$10,000

Viewing question 47 out of 72 questions
Industry research shows that students who utilize Real Estate Licensing practice tests are significantly more likely to pass exam.


Our free Real Estate Licensing practice questions act as a diagnostic tool to give you a clear snapshot of your Real Estate Licensing readiness. Discover which topics are your strengths and, more importantly, which critical topics require your immediate attention.