Multiple Choice
Use the following information to answer the question(s) below.
Dagny Taggart has just purchased a home and taken out a $400,000 mortgage.The mortgage has a 30-year term with monthly payments and has an APR of 5.4%.
-The total amount of interest that Dagny will pay during the first month of her mortgage is closest to:
A) $1110.
B) $1785.
C) $1800.
D) $2245.
Correct Answer:
Verified
Correct Answer:
Verified
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