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Use the Following Information to Answer the Question(s)below

Question 38

Multiple Choice

Use the following information to answer the question(s) below.
Dagny Taggart has just purchased a home and taken out a $400,000 mortgage.The mortgage has a 30-year term with monthly payments and has an APR of 5.4%.
-Dagny's monthly payments are closest to:


A) $1110.
B) $1800.
C) $2215.
D) $2245.

Correct Answer:

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