Assuming You Pay the Points and Borrow from the Mortgage

question 59

Multiple Choice

Assuming you pay the points and borrow from the mortgage lender at 6.00%,your monthly mortgage payment (with payments made at the end of the month) will be closest to:

• A)$1540
• B)$1530
• C)$1570
• D)$1500
• E)$1510

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