Ben Brown bought a home for $225,000. He put down 20%. The mortgage is at 6 ½% for 30 years. Using the formula or calculator, his monthly payment is:
A) $1,319.04
B) $1,319.40
C) $1,216.80
D) $1,137.72
E) None of these
Correct Answer:
Verified
Q25: All mortgage payments must be paid:
A)Weekly
B)Monthly
C)Biweekly
D)Semiannually
E)None of
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A)2% of the amount of the
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