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Borrow $100,000 with a 20 year fixed mortgage at 6%. Calculate the monthly payment if the loan is Interest Only? A. 6000 B. 500 C.

Borrow $100,000 with a 20 year fixed mortgage at 6%. Calculate the monthly payment if the loan is Interest Only?

A. 6000

B. 500

C. 72000

D. 120000

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