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You want to buy a house that costs $265,000. You will make a down payment equal to 15 percent of the price of the house
You want to buy a house that costs $265,000. You will make a down payment equal to 15 percent of the price of the house and finance the remainder with a loan that has an APR of 5.41 percent compounded monthly. If the loan is for 25 years, what are your monthly mortgage payments?
rev: 12_12_2019_QC_CS-193461
Multiple Choice
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$1,371.15
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$1,387.09
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$1,365.00
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$1,439.71
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$1,325.45
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