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Use Estimation to Select the Best Response

Question 207

Multiple Choice

Use estimation to select the best response. Do not calculate. A $49,000 30-year loan at
10% + 0.5 point + $100 origination fee
Would have total fees of about


A) $250
B) $300
C) $5,000
D) $425
__________(A, B, C or D)

Correct Answer:

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