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A House Is Purchased for $391,000 with a 10% Down

Question 88

Multiple Choice

A house is purchased for $391,000 with a 10% down payment. A mortgage is secured at 5% for 20 years. Find the monthly payment.


A) $2554.62
B) $2322.38
C) $2786.86
D) $2090.14

Correct Answer:

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