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You bought a house with price of $125,000 and borrowed a mortgage with loan amount of $100,000 and monthly payments. You choose the 30-year fixed-rate
You bought a house with price of $125,000 and borrowed a mortgage with loan amount of $100,000 and monthly payments. You choose the 30-year fixed-rate mortgage with annual interest rate 6%. The origination cost is $1000. What is your interest payment in the 125th month?
Group of answer choices
$599.55
$184.77
$414.78.
$57,714.83
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