139. Your monthly mortgage payment (principal plus interest) is $1,500. If you have a 30- year loan...
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139. Your monthly mortgage payment (principal plus interest) is $1,500. If you have a 30- year loan with a fixed interest rate of 0.5% per month, how much did you borrow from the bank to purchase your house? Select the closest answer. (4.7)
(a) $154,000
(b) $180,000
(c) $250,000
(d) $300,000
(e) $540,000
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Related Book For
Engineering Economy
ISBN: 9781292265001
17th Global Edition
Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling
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