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Use Estimation to Select the Best Response

Question 22

Multiple Choice

Use estimation to select the best response. Do not calculate. A $147,000 30-year loan at 10% + 2 points + $100 would have a fee for points of approximately __________.


A) $850
B) $3,000
C) $10,000
D) $2,100
E) $14,700

Correct Answer:

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