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You need to borrow $100,000 for a down-payment on a house, and $900.00 per month is the most you can afford. How long a loan
You need to borrow $100,000 for a down-payment on a house, and $900.00 per month is the most you can afford. How long a loan term must you get in your mortgage, if the interest rate is 9%?
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15 years (180 months).
20 years (240 months).
30 years (360 months).
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