Multiple Choice
Determine the periodic payment for a loan of $200,000 borrowed at 3% for 15 years, with monthly payments. Round your answer to the nearest cent.
A) $1,404.69
B) $1,438.51
C) $1,381.16
D) $1,368.68
E) $1,373.68
Correct Answer:
Verified
Correct Answer:
Verified
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