Mrs Robinson would like to buy a $300,000 house in Yorba Linda. She can secure a 30-year fixed-rate mortgage loan at an

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answerhappygod
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Mrs Robinson would like to buy a $300,000 house in Yorba Linda. She can secure a 30-year fixed-rate mortgage loan at an

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Mrs Robinson would like to buy a $300,000 house in Yorba Linda.She can secure a 30-year fixed-rate mortgage loan at an annual rateof 6.0 percent with zero points. The lender requires that she makesa down payment equal to 20% of the purchase price. What is themonthly payment of the loan?
$1,439
$17,436
$21,795
$1,799
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