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 balance of the loan after the seventh payment?
A) $300,000
B) $298,248
C) $286,028
D) $275,568
Correct Answer:
Verified
Correct Answer:
Verified
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