Solved

Use Estimation to Select the Best Response

Question 197

Multiple Choice

Use estimation to select the best response. Do not calculate. A $49,000 30-year loan at 10% + 0.5 point + $150 origination fee would require what monthly income for the buyer?


A) $1,500
B) $4,000
C) $16,500
D) $5,000
E) $450

Correct Answer:

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