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Question 7 You get a $240,000 mortgage loan at 6.25% with a monthly payment (PI) of $1,477.72. What is your balance after your first payment?

Question 7

You get a $240,000 mortgage loan at 6.25% with a monthly payment (PI) of $1,477.72. What is your balance after your first payment?

$239.772.28

$238.750

$240,000

$238,522.28

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