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You Are Considering Purchasing a New Home

Question 49

Multiple Choice

You are considering purchasing a new home.You will need to borrow $250,000 to purchase the home.A mortgage company offers you a 15-year fixed rate mortgage (180 months) at 9% APR (0.75% month) .If you borrow the money from this mortgage company,your monthly mortgage payment will be closest to:


A) $2585.
B) $660.
C) $2535.
D) $1390.

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