Beth is taking out a loan to purchase a new home. she is financing $50,000 for 25 years at an interest rate of 14.25%. what is her monthly payment? a- $158.68 b - $220,140 c - $138.89 d - $611.50there's also a table that goes with it that says the term for the rate of 14.25% is 12.23.

The present value (PV) of a loan for n years at r% compounded t times a year where there is equal P periodic payments is given by:



Given that Beth is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.

Her monthly payment is given by:



Therefore, her monthly payment is about $611.50

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