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Abigail Is Financing Her First Home

Question 37

Multiple Choice

Abigail is financing her first home.She is borrowing $125,000.Her bank is loaning her the money for 15 years at an APR of 5.7%.What will Abigail's monthly mortgage payment be?


A) $958.75
B) $998.22
C) $1,001.44
D) $1,034.67

Correct Answer:

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