Chin Woo bought a home for $160,000. He put down 20%. The mortgage is at 8 1/2% for 25 years. Using the formula or financial calculator, his yearly payments are:
A) $1,238.00
B) $12,507.10
C) $12,830.61
D) $12,380.61
E) None of these
Correct Answer:
Verified
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