Multiple Choice
Maria Hernandez purchased a home for $100,000 and made a down payment of $30,000. The balance was financed for 25 years at an annual interest rate of 8%. Find the monthly mortgage payment.
A) $916.27
B) $551.47
C) $540.27
D) $280.27
E) $690.27
Correct Answer:
Verified
Correct Answer:
Verified
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