2. You plan to borrow $250,000 mortgage loan to purchase a new house. The annual percentage rate (APR) is 2.25% per year

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answerhappygod
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2. You plan to borrow $250,000 mortgage loan to purchase a new house. The annual percentage rate (APR) is 2.25% per year

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2. You plan to borrow $250,000 mortgage loan to purchase a new
house. The annual percentage rate (APR) is 2.25% per year and you
borrow the money for 30 years. What will your monthly payment
be?
Multiple Choice
a. 1321.13
b. 725.15
c. 955.62
d. 1025.32
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