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Question 8 You plan to buy a $100,000 home and have the option of choosing between two lenders he lenders have the ollowing term Lender

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Question 8 You plan to buy a $100,000 home and have the option of choosing between two lenders he lenders have the ollowing term Lender #1 Lender #2 Down Payment of Purchase Price Stated Interest Rate Repayment Years 30% 40% 14% 12% 25 (annual) 30 (monthly) How much will the equal repayments be for Lender #1? a $12,168.29 b. $8,523.78 c$13,452.12 d $10,184 89 t Moving to the next question prevents changes to this answer pei 5 6 8

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