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Ben Brown Bought a Home for $225,000

Question 8

Multiple Choice

Ben Brown bought a home for $225,000. He put down 20%. The mortgage is at 6 ½% for 30 years. Using the formula or calculator, his monthly payment is:

A) $1,319.04
B) $1,319.40
C) $1,216.80
D) $1,137.72
E) None of these

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