Multiple Choice
You just purchased a vacant lot for your future home for $50,000 and financed that amount over 96 months. If your interest rate is 9.25% compounded monthly, which of the following is closest to your monthly payment?
A) $744.55
B) $853.60
C) $767.23
D) $739.02
E) $810.92
Correct Answer:
Verified
Correct Answer:
Verified
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