Chin Woo bought a home for $160,000. He put down 20%. The mortgage is at 8 1/2% for 25 years. Using the table in the handbook, his yearly payments are:
A)$1,238.00
B)$12,380.16
C)$12,830.61
D)$12,380.61
E)None of these

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The Answer of Chin Woo bought a home for $160,000. He put down 20%. The mortgage is at 8 1/2% for 25 years. Using the table in the handbook, his yearly payments are:
A)$1,238.00
B)$12,380.16
C)$12,830.61
D)$12,380.61
E)None of these

Chin Woo Bought a Home for $160,000