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jack and jill are considering buy a house and looking into various finance alternatives. Under one alternative, they would take out an INTEREST ONLY loan

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jack and jill are considering buy a house and looking into various finance alternatives. Under one alternative, they would take out an INTEREST ONLY loan of $300,000. if the annual interest rate for this loan 5% and the term were for 30 years they would owe a month O 1.51,250 O2.51,610 O 3.1833 O 4.515.000

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