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Let's assume you finance your house through Wells-Fargo Bank. Below, please find the Truth-in-Lending Disclosure (TILD). Calculate Finance Charge, i.e., the dollar amount the credit
Let's assume you finance your house through Wells-Fargo Bank. Below, please find the Truth-in-Lending Disclosure (TILD). Calculate Finance Charge, i.e., the dollar amount the credit will cost you at the end of the term.
Amount Financed $400,000
Annual Percentage Rate 5.0%
Term 30 Years
Taxes and Insurance per month (Escrow account set up by Wells-Fargo.) $440 Group of answer choices
a: $373,023.14
b: $385,245.57
c: $384,021.35
d: $388,242.05
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