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You are considering purchasing a new home. The home costs $ 2 5 0 , 0 0 0 to purchase. A mortgage company offers you
You are considering purchasing a new home. The home costs $ to purchase. A mortgage company offers you a year fixed rate mortgage at a rate compounded monthly. If you borrow of the purchase price from this mortgage company, your monthly mortgage payment will be closest to:
A $
B $
C $
D $
E $
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