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Solve the Problem. -Matthew Obtains a 25-Year $140,000 House Loan with an APR

Question 16

Multiple Choice

Solve the problem.
-Matthew obtains a 25-year $140,000 house loan with an APR of 8.88%. What is his monthly payment?

A) $930.71
B) $1396.07
C) $1628.75
D) $1163.39

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