Question
Kelly is looking at a $312,820 home. To avoid private mortgage insurance (PMI), she put 20% down and the remaining balance is financed at 6.41%
Kelly is looking at a $312,820 home. To avoid private mortgage insurance (PMI), she put 20% down and the remaining balance is financed at 6.41% over the next 20 years. Her monthly mortgage payment is closest to
A.
$1,852.61.
B.
$1,648.25.
C.
$1,477.68.
D.
$1,185.71.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
