Multiple Choice
How much more would one have to pay per month on an $85,000 30-year loan if the interest rate increased from 7.5 to 8.5 percent? The payments per $1,000 debt under these terms are $6.9921 and $7.6891,respectively.
A) $54
B) $84
C) $65
D) $59
Correct Answer:
Verified
Correct Answer:
Verified
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