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Use Estimation to Select the Best Response

Question 164

Multiple Choice

Use estimation to select the best response. Do not calculate. A $147,000 30-year loan at 10% + 0.5 point + $200 would have total fees of about __________.


A) $15,000
B) $1,300
C) $750
D) $950
E) $18,000

Correct Answer:

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