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Chin Woo bought a home for $ 1 6 0 , 0 0 0 . He put down 2 0 % . The mortgage is

Chin Woo bought a home for $160,000. He put down 20%. The mortgage is at 81/2% for 25 years. Using the table in the handbook, his yearly payments are:
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$1,238.00
$12,830.61
$12,380.16
$12,380.61
None of these

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