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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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