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Assuming You Do Not Pay the Points and Borrow from the Mortgage

Question 13

Multiple Choice

Assuming you do not pay the points and borrow from the mortgage lender at 6.25%,your monthly mortgage payment (with payments made at the end of the month) will be closest to:


A) $1570
B) $1530
C) $1540
D) $1500
E) $1510

Correct Answer:

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