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Question
You want to borrow $180,000 at 6.25 percent interest. If you assume a 10-year loan, the monthly payment will be _____ as compared to _____ if you assume a 20-year loan.A. $1,237.50; $1,103.88
B. $2,207.75; $1,237.50
C. $2,021.04; $1,315.67
D. $2,498.18; $1,103.88
E. $2,498.16; $1,533.50
Answer
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