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Suppose you have a 30-year, $140,000 mortgage with a contract rate of 6%. You make monthly payments. What is your total monthly payment on principal
Suppose you have a 30-year, $140,000 mortgage with a contract rate of 6%. You make monthly payments. What is your total monthly payment on principal and interest?
A. | $798.35 | |
B. | $839.37 | |
C. | $1,181.40 | |
D. | $1,440.06
| |
E. | $1,576.54 |
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