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    Business
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    Real Estate Finance
  4. Exam
    Exam 4: The Early History of Residential Finance and Creation of the Fixed Rate Mortgage
  5. Question
    Your Monthly Payment on a $125,000 Fixed-Rate Mortgage at 8
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Your Monthly Payment on a $125,000 Fixed-Rate Mortgage at 8

Question 20

Question 20

Multiple Choice

Your monthly payment on a $125,000 fixed-rate mortgage at 8% for 30 years is:


A) $917.21
B) $925.28
C) $4611.04
D) $1,000
E) cannot be determined

Correct Answer:

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