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A mortgage lender will offer 75% financing on a home. The house you choose is $118,000 and you opt for a 4.00% mortgage loan over

A mortgage lender will offer 75% financing on a home. The house you choose is $118,000 and you opt for a 4.00% mortgage loan over 30 years paid monthly. What is your monthly payment amount? a. $422.51 b. $563.35 C. $448.35

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