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You Want to Borrow $200,000 at 4

Question 66

Multiple Choice

You want to borrow $200,000 at 4.5% interest. If you assume a 10-year loan, the monthly payment will be ________ as compared to ________ if you assume a 20-year loan.


A) $1,237.50; $1,103.88
B) $2,072.77; $1,237.50
C) $2,072.77; $1,265.30
D) $2,198.18; $1,265.30
E) $2,298.16; $1,433.50

Correct Answer:

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