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A home buyer signed a 25-year, 8% mortgage for $72,500. How much should the annual loan payments be? (Assume annual compounding.) Question 13 options: 1)
A home buyer signed a 25-year, 8% mortgage for $72,500. How much should the annual loan payments be? (Assume annual compounding.)
Question 13 options:
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| 1) | $5,560 |
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| 2) | $6,792 |
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| 3) | $8,074 |
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| 4) | $13,900 |
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