Question: Question 10 (1 point) Deepak has just bought a house for $425 000. He paid $50 000 down, and the rest of the cost has

Question 10 (1 point) Deepak has just bought a house for

Question 10 (1 point) Deepak has just bought a house for $425 000. He paid $50 000 down, and the rest of the cost has been obtained from a mortgage. The mortgage has a nominal interest rate of 3%, compounded monthly. Deepak's monthly payments are $2080. How much does Deepak still owe in 5 years when his term is up? $323,254 $289,587 $259,243 $301,141

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