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In order to qualify for a $100,000 fully amortizing mortgage loan with a 15 year term, the borrower cannot have a monthly payment in excess

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In order to qualify for a $100,000 fully amortizing mortgage loan with a 15 year term, the borrower cannot have a monthly payment in excess of $800 for the first five years. Assuming the market intere rate is 9%, what would the approximate buydown payment to the lender be? $11,700 $2,400$10,300 none of the answers are correct

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