Your Real Estate Agent Mentions That Homes in Your Price

question 19

Multiple Choice

Your real estate agent mentions that homes in your price range require a payment of approximately $1,200 per month over 30 years at 9 percent interest.What is the approximate size of the mortgage with these terms?

• A)$128,035
• B)$147,940
• C)$149,140
• D)$393,120 PV = $1,200

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