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2. You buy a house for $250,000. Then you make a down payment of 20% of the purchase price and take a 30-year mortgage for

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2. You buy a house for $250,000. Then you make a down payment of 20% of the purchase price and take a 30-year mortgage for the balance. The bank charges 6% APR compounded monthly and 1 point fee. You include the fee in your new mortgage. a. The mortgage payment is closest to? (8 Pts) a. $1,199 b. $1,260 c. $1,163 d. $1,211 e. $1.247 f. $1,151

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