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Fatimah pays monthly rent of $520 for her townhouse. If she bought the property, the mortgage loan, property tax, and utilities would cost her $920
Fatimah pays monthly rent of $520 for her townhouse. If she bought the property, the mortgage loan, property tax, and utilities would cost her $920 per month. Using the current mortgage loan rate of 6.6% compounded semi-annually, calculate how much money Fatima could accumulate over 10 years if she continues to rent and invests the $400 per month difference. Question 12 options: $67,768 $77,085 $47,845 $56,299
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