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Katie Is Taking Out a 15 Year 4

Question 217

Multiple Choice

Katie is taking out a 15 year 4.2% APR mortgage with monthly payments to by a second home.Katie estimates she can make a $2,500 monthly payment.How much mortgage will Katie qualify for?


A) $405,468.48
B) $244,622.28
C) $322,622.69
D) $333,444.33

Correct Answer:

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