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Meriwether Lewis wants to buy a $210,000 house. He plans to make a down payment of 20% of the cost and take out a mortgage
Meriwether Lewis wants to buy a $210,000 house. He plans to make a down payment of 20% of the cost and take out a mortgage for the remaining balance. If Mr. Lewis can get a 30-year loan with an APR of 5.19%, compounded monthly, what will his monthly mortgage payment be? Multiple Choice $921.47 $967.54 $917.50 $890.75 $930.54
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