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Roxy Is Buying a House and the Mortgage Terms Are

Question 96

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 interest in the fifth payment?


A) $1995.90
B) $1425.64
C) $1744.21
D) $ 139.65

Correct Answer:

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