Bobby bought a house for $275,000, by putting 15% down and borrowing the balance. His note is

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Bobby bought a house for $275,000, by putting 15% down and borrowing the balance. His note is for 30 years at 7.5% interest. If his first payment is due August Ist of the current year, how much interest will he pay this year?

a. $5,98.11

b. $6,989.46.

c. $7,293.78:

d. $7,667.13

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Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

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Question Posted: Sep 11, 2024 09:01 AM

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Bobby bought a house for $275,000, by putting 15% down and borrowing the balance. His note is

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Fundamentals Of Financial Planning

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