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Roxy Is Buying a House and the Mortgage Terms Are

Question 61

Multiple Choice

Roxy is buying a house and the mortgage terms are 30 years,monthly payments.If the interest rate is 7% (APR) ,the loan is $300,000 loan,what is the amount of the principal in the third payment?


A) $248.78
B) $199.59
C) $300.00
D) $265.52

Correct Answer:

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