Multiple Choice
There are about 75 million owner-occupied homes in the United States,and about 50 million of those have a mortgage.If the foreclosure rate is 6 percent per year,how many home foreclosures take place each year?
A) 3 million
B) 4.5 million
C) 6 million
D) 7.5 million
Correct Answer:
Verified
Correct Answer:
Verified
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