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Chris bought a home for $225,000, putting down 20%. The mortgage is at 6% for 30 years. Using the tables found in the textbook, determine

Chris bought a home for $225,000, putting down 20%. The mortgage is at 6% for 30 years. Using the tables found in the textbook, determine his monthly payment.

  1. $1,216.80

  2. $1,139.40

  3. $1,319.04

  4. $1,319.40

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