Assume you just bought a new home and now have a mortgage on the home.The amount of the principal is $150,000,the loan is at 5% APR,and the monthly payments are spread out over 30 years.What is the loan payment? Use a calculator to determine your answer.
A) $798.95
B) $805.23
C) $850.32
D) $903.47
Correct Answer:
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