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Question 16 1. You buy a house worth $350,000 with 20 % down payment and a 30-year mortgage on the remaining value . If your

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Question 16 1. You buy a house worth $350,000 with 20 % down payment and a 30-year mortgage on the remaining value . If your monthly payment is $1,500 , what is the annual percentage rate (APR ) for the mortgage ? 2.82 % 3.62 % 4.98 % 5.10 % 5.95 % C 6.12 %

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