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Hazel Needs to Plan How Large a Mortgage She Can

Question 19

Multiple Choice

Hazel needs to plan how large a mortgage she can afford. How much would she need to pay monthly on a mortgage of $200 000 at six percent interest, calculated semi-annually and amortized over 30 years?


A) $555
B) $1111
C) $1199
D) $1190

Correct Answer:

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