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    Practical Financial Management Study Set 1
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    Exam 6: Time Value of Money
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    A $300,000
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A $300,000

Question 95

Question 95

Multiple Choice

A $300,000.00 thirty year mortgage has a monthly payment of $1,798.65. Over the life of the mortgage, how much money do you pay in interest?


A) $245,876.98
B) $347,514.00
C) $647,514.00
D) $300,000.00

Correct Answer:

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