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17 What is the monthly payment on an $500,000, 12%, 10-year interest-only mortgage? Select one: a. 5,143.06 b. 5,000.00 c. 7,173.55 d. 6,000.00

What is the monthly payment on an $500,000, 12%, 10-year interest-only mortgage?

Select one:

a. 5,143.06

b. 5,000.00

c. 7,173.55

d. 6,000.00

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