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The Difference Between the Monthly Payments on a $120,000 Home

Question 19

Multiple Choice

The difference between the monthly payments on a $120,000 home at 6 1/2% and at 8% for 25 years is (use the table in the handbook) :


A) $81.12
B) $151.02
C) $115.20
D) $91.12
E) None of these

Correct Answer:

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