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Find the Monthly Payment for the Loan

Question 171

Multiple Choice

Find the monthly payment for the loan. Finance $450,000 for an apartment complex with a 8.5% 30-year loan


A) $3,446.11
B) $3,460.11
C) $3,187.50
D) $3,583.31
E) $3,450.11

Correct Answer:

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