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Alexis Is Ready to Buy Her House

Question 130

Multiple Choice

Alexis is ready to buy her house.She will purchase the $450,000 house with her $75,000 down payment and finance the rest with a 20 year,6% annual rate mortgage with equal end of month payments.What will be her monthly payment?


A) $2,134.76
B) $3,223.94
C) $1,701.69
D) $2,686.62

Correct Answer:

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