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Jasmine purchased a home in San Francisco near her best friend Sallie. The purchase price of the home was $1,500,000. However, Jasmine only financed 80%
Jasmine purchased a home in San Francisco near her best friend Sallie.
The purchase price of the home was $1,500,000. However, Jasmine only financed 80% of the home value as she was able to secure the $300,000 down payment to help lower her monthly payments.
What is her monthly payment if she financed at today's rate of 4.25% for a 15-year mortgage?
Group of answer choices
$9,072.34
$11,284.18
$5,903.28
$7,379.10
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