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Consider the 20-Year Fixed-Rate Home Loan of $185,500 with an Interest

Question 214

Multiple Choice

Consider the 20-year fixed-rate home loan of $185,500 with an interest rate of 6.75%. What is the monthly payment?


A) $1,402.98
B) $1,430.93
C) $1,407.37
D) $1,413.59
E) $1,410.48

Correct Answer:

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