Multiple Choice
A client has a first mortgage of $175,000 at 5.8% and a second mortgage of $25,000 at 6.7%. What is the average rate of mortgage that the client pays?
A) 5.9%
B) 6.3%
C) 6.5%
D) 6%
E) 6.2%
Correct Answer:
Verified
Correct Answer:
Verified
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