Question: hi how do i solve this please explain You are considering buying a new home. You will need to borrow 350,000 to purchase the home.

hi how do i solve this please explain You are considering

hi how do i solve this please explain

You are considering buying a new home. You will need to borrow 350,000 to purchase the home. A mortgage company offers you a 20-year fixed rate at 9% (as an APR with monthly compounding). If you borrow the money from this mortgage company, your monthly payment will be closest to: A. 18,910.72 B. 3,149.04 C. 38,341.27 D. 3,070.42 E, 2,635.35 F. None of the above is correct

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