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Question 212

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Solve the problem. If necessary, refer to the table below. Solve the problem. If necessary, refer to the table below. -In order to purchase a home, a family borrows $60,000 at an annual interest rate of 9%, to be paid back over a 15-year period in equal monthly payments. What is their monthly payment? A) $667.67 B) $608.56 C) $450.00 D) $30.00
-In order to purchase a home, a family borrows $60,000 at an annual interest rate of 9%, to be paid back over a 15-year period in equal monthly payments. What is their monthly payment?


A) $667.67
B) $608.56
C) $450.00
D) $30.00

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