Question: Question 9 (10 points) Your first home purchase is financed by a conventional lender, which must follow Regulation Z guidelines. The home purchase price is

Question 9 (10 points) Your first home purchase is financed by a conventional lender, which must follow Regulation Z guidelines. The home purchase price is $250,000, you put 20% down, and finance the balance at 9% for twenty-five years with monthly payments. The lender charges 1.5 points. How much is each monthly payment? 1,678.39 1,680.23 1,768.81 1,798.04 1,800.91

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