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Memphic Memphic
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6 years ago
You are considering purchasing a new home.  You will need to borrow $250,000 to purchase the home.  A mortgage company offers you a 15 year fixed rate mortgage (180 months) at 9% APR (0.75% month).  If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to:
A) $2585
B) $660
C) $2535
D) $1390
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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pbrown223pbrown223
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#1
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6 years ago
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Memphic Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
gage
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Yesterday
Smart ... Thanks!
avance37
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2 hours ago
this is exactly what I needed
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